Why Beef Prices Have Hit a Record

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Tom Winter opened his hamburger food truck in Missoula, Montana, almost two years ago, focused on selling locally produced food to local people at a price they could afford. As the business, Gary's Local Burgers, expanded to three branches, Mr. Winter kept the price of his burgers stable at $6, a figure he posted on huge posters. But last month he printed new posters with a new figure: $6.95. Ground beef reached its highest average price recorde…