Why Are They So High?

THE farmers are mad," a Republican politico said last week.

"They don't see why steaks from grass-fed beef cost 98¢ a Ib. when all the farmer gets for that meat is 14¢." Their anger touched one of the most sensitive nerves in U.S. politics. In Washington a congressional committee responded by proposing price supports for cattle while the Department of Agriculture is already investigating the spread between the price of beef on the hoof and on the butcher's meathook.

Are meat prices high because someone between the rancher and the retail counter is getting too much gravy? The answer...

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