Reported 1 day ago
The latest US cattle tally reveals the country is facing the lowest mid-year cattle count on record, leading to surging beef prices that show no signs of easing. With around 94.2 million cattle as of July 1 and a significant drop in feedlot placements, ranchers continue to struggle with high costs and drought conditions. Despite speculation of herd rebuilding due to improved pasture conditions and record cattle prices, experts indicate that it will take years for beef supplies to recover, prolonging the cycle of high meat prices for consumers.
Source: YAHOO