Reported about 8 hours ago
U.S. beef prices have soared to unprecedented levels due to the lowest cattle inventories in 73 years, driven by pandemic disruptions, drought, and industry consolidation. With reduced slaughter expected to limit beef production into 2026 and tariffs alongside a ban on Mexican cattle imports potentially hindering imports, prices are likely to remain elevated. Currently, ground beef prices have increased significantly over the past year, reflecting the declining availability of cattle for slaughter.
Source: YAHOO