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Australia’s drought bringing the beef to McDonald’s, Carl’s Jr
Posted by Bloomberg: Phoebe Sedgman on July 22nd, 2015
Bloomberg: Australia’s dry spell and a strengthening El Nino are proving a boon for U.S. hamburger lovers.
Queensland’s most widespread drought ever is sending a near record number of cattle to feedlots as ranchers cull cows at the fastest pace in more than three decades. That’s boosting beef exports to an all-time high, including a more than 70 percent surge in shipments to the U.S., government data show, with most of that destined to become burgers.
The U.S. last year overtook Japan as Australia’s top...
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