TOKYO -- Even with prices of Japanese wagyu beef at their lowest levels in years, dairy farmers are entering the wagyu breeding business to stay above water.
Wagyu calves from Japanese Black cattle averaged 1,790 yen ($12.38) per kilogram through July in fiscal 2024, according to the Tokyo-headquartered Agriculture & Livestock Industries Corp. This was down 29% from fiscal 2021, echoing the drop-off in wholesale wagyu prices.
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