Beef prices are at record highs — how much pricier will your steak get?
Publishing timestamp: 2023-10-24 22:54:48
Summary
Retail beef prices in the US are at record highs due to shrinking cattle supply and higher input costs. The prolonged drought in key cattle ranching states has reduced cattle herds to their smallest number in decades. This has led to lower beef production and higher prices for consumers. The tight supply is expected to continue for several years, resulting in prices remaining at record levels.
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Keywords: business news, wells fargo & co, food and drink, united states, agriculture,