Americans are facing record-high beef prices, with the average retail cost of ground beef reaching $6.90 per pound, a 19% increase from the previous year. Despite the U.S. being a major global meat producer, domestic cattle populations have declined significantly since 2019 due to factors like drought and heatwaves, reaching their lowest count since 1951. These supply constraints, coupled with consistent consumer demand and rising feed costs exacerbated by tariffs, are driving up prices, with projections indicating herd expansion won't occur until at least 2028. AI
RANK_REASON Article discusses economic factors affecting beef prices and supply, rather than a specific event like a product release or policy change.
- American Farm Bureau Federation
- beef
- Brazil
- Food & Agriculture Organization
- Trump administration
- U.S.
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