USDA buys $170 million of meat to help drought-stricken farmers

USDA buys $170 million of meat to help drought-stricken farmers

According to reports from Bloomberg President Obama has sanctioned $170 million in government meat purchases and will be helping drought-stricken farmers by passing an agriculture bill to provide aid.

$100 million of pork, $50 million of chicken and $10 million of lamb will be bought. The meat will be frozen for later use.

Bloomberg BusinessWeek reported Michael Martin, a spokesman for Cargill as stating in a recent email: “Near term, there is an adequate supply of meat from all species. As we move into 2013, the supply of beef, in particular, could be constrained by the US herd being the smallest in 60 years.

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