ANALYSIS: Veal Industry Grapples with Supply Crunch

Veal cut supplies remain tight as production cuts and record-high calf prices continue to drive costs higher. Rising live cattle prices are also adding further upward pressure. Key cost drivers include growing bob calf prices and increased feed expenses, particularly whey, according to some market participants. Harvest numbers have declined as fewer male Holstein calves enter the market, with prices surging about 300% over the past year due to strong demand from the beef industry for these animals.

With production constrained and costs rising, some industry contributors...

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