Question
Executive Officer Donnie Smith on an carnings call on Monday.
Domestic beef production has been waning for years because of rising feed and energy prices. A drought in 2012 caused feed prices to spike and, in response, farmers thinned their herds. Com prices have finally started to drop, and ranchers have begun to restock, but prices will stay high for a while. Unlike chicken, which can be ready for slaughter two months after birth, cattle take 16 to 18 months to be ready for market ...
What is the most likely meaning of the word waning as used in paragraph 3?
• expanding
• diminishing
• advancing
• flourishing
Domestic beef production has been waning for years because of rising feed and energy prices. A drought in 2012 caused feed prices to spike and, in response, farmers thinned their herds. Com prices have finally started to drop, and ranchers have begun to restock, but prices will stay high for a while. Unlike chicken, which can be ready for slaughter two months after birth, cattle take 16 to 18 months to be ready for market ...
What is the most likely meaning of the word waning as used in paragraph 3?
• expanding
• diminishing
• advancing
• flourishing