🚨 U.S. Cattle Herd Hits 70-Year Low — Beef Prices Surge
The U.S. cattle herd has fallen to its smallest size since the early 1950s, tightening supply across the market. As a result, beef prices at grocery stores have climbed approximately 15% over the past year.
According to data from the United States Department of Agriculture, herd contraction driven by drought conditions, elevated feed costs, and rancher liquidation has significantly reduced production capacity.
Market Impact:
🥩 Higher retail beef prices
📉 Reduced cattle inventory levels
📊 Potential volatility across agricultural and commodity markets
With rebuilding cycles in livestock taking time, price pressures could persist in the near term.
#Commodities #Agriculture #Inflation #Markets