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The price of beef has climbed this year while other grocery prices have leveled out.
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Cattle futures fall after president says unnamed foreign suppliers will provide 25% discount for three months
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As high gas prices squeeze shoppers, the retailer says the federal refund will fund price cuts and customer experience investments.
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The supermarket chain reported comparable U.S. sales growth of 2.6% in its second-quarter earnings, its lowest in over six years.
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