NM cattle ranchers fear ‘demise’ of industry

Prices for beef in grocery stores have skyrocketed as many packing plants across the country, almost all of which are managed by such large corporations, attempt to manage outbreaks that infect employees and reduce production. But while consumers pay more for beef, corporations are paying ranchers around 30% less for calves, New Mexico ranchers’ main product. The sudden drop in prices has left many unsure how they will finance the massive costs of running a cattle operation in New Mexico.