Eli Lilly & Co.'s Elanco Animal Health unit will raise the price of its beta-agonist feed supplements by 2 to 3 percent on November 26 amid strong demand from beef feedlots, a company spokeswoman told Reuters on Wednesday. The price increase - which the company said will apply to all of Eli Lilly’s products for cattle, hogs and other food animals - comes amid strong demand for its Optaflexx ractopamine-based feed additive for cattle, which helps bulk up the amount of meat on a beef carcass prior to slaughter.
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