US President Trump's administration reportedly plans to pay smaller meatpackers to keep slaughtering cattle, reports WSJ
- The Trump administration is prepping a financial lifeline for smaller meatpackers struggling with dwindling cattle supplies, which have sent beef prices surging.
- The US Agriculture Department plans to pledge up to USD 500mln in payments for small- and medium-size meatpacking companies, according to people close to the discussions.
- The funds would be distributed to beef plants that keep their processing volumes at a certain level.
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