Cattle News Central 6-14-22

Cattle News Central June 14 headlines:
📌Smithfield Foods to close California processing plant.
📌Both beef and pork prices were up over 10% year-over-year in the month of May.
📌The current beef cow slaughter rate suggests beef cowherd numbers could shrink more than one million head this year.
📌Inflation is moving from goods to services, which is often a sign inflation is becoming embedded in the economy.
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