beef prices

Shrinking U.S. Cattle Herd Likely Means Higher Beef Prices
Shrinking U.S. Cattle Herd Likely Means Higher Beef Prices
American shoppers struggling with inflation are looking at higher beef prices continuing in their local meat cases.  Because of high feed prices and severe drought, ranchers were forced to reduce their cattle herds.  Grain prices have dropped to their lowest levels since Russia invaded Ukraine, but Reuters says that might not mean lower food prices right away at the grocery store.  Corn fu... Read
USDA: 2021 Beef Production Forecast Moves Higher
USDA: 2021 Beef Production Forecast Moves Higher
The USDA's most recent look at beef production and price, included adjustments to the Department's 2021 calendar year, with the production forecast increased by ten million pounds. So, what's expected for 2022? "No change to beef production, but noteworthy that beef production year over year, we are anticipating it to be down," noted World Agricultural Outlook Board Chair, Mark Jekanows

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