Feb 27
Economy
Beef Prices Surge as U.S. Cattle Herd Shrinks: Impact on Consumers and Market Trends
Adobe Stock/jackienix/stock.adobe.com
Beef prices are soaring, with costs rising faster than other grocery items, driven by lower cattle inventories and steady demand. As the U.S. cattle herd shrinks, consumers face higher prices, while chicken and pork industries are seeing a rebound due to shifting market dynamics. Retailers and fast food chains are adjusting their forecasts as beef inflation continues to impact the market.
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