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$15 to $20 Per Head in Lost Value Because Of False Reporting

published: April 4th 2012
source: Oklahoma Farm Report

Cattlefax Believes Pink Slime Cost to Beef Industry- $15 to $20 Per Head in Lost Value There is a significant cost to the cattle industry that has come from the controversy over Lean Fine Textured beef- or as the media has portrayed it- Pink Slime. Kevin Good with CattleFax says that his organization estimates that the loss to the value of a slaughter animal is between $15 and $20 per head. He adds that if this source of lean beef is not utilized in the domestic pipeline- that there will be a higher cost of ground beef that consumers will have to pay- and that the lean product to mix with beef trimmings that are 50% beef and 50% fat will have to come from imported sources- or by competing with the new value cuts developed by the industry and grinding more of the chuck and round into lean ground beef.

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