Reported about 16 hours ago
Beef prices in the U.S. have surged 13.9% year-over-year due to high demand and dwindling supply, with cattle inventory at a 75-year low. Despite soaring costs, consumer demand remains robust, driven by a protein-focused diet among Americans. Factors such as drought conditions and high interest rates are impacting ranchers' ability to rebuild herds, leading to ongoing supply constraints. Expect beef prices to remain elevated in the near future.
Source: YAHOO