Latest / Charleston News Today | 2 Min News | The Daily News Now!
Beef Prices Soar Due to Cattle Shortage | Charleston News
Beef prices are soaring—and it’s not just at the checkout counter. The U.S. cattle herd is at its lowest since 1950, thanks to years of drought, skyrocketing feed costs, and ranchers cashing out for retirement. Raising a calf now costs nearly $3,000, with processing fees adding another $1,500. Farmers are cutting back on buying new calves because pricing beef to cover costs would drive customers away. Older farmers are selling off herds instead of reinvesting, slowing herd recovery. It’ll take years to rebuild, since breeding female calves takes time. Consumers are responding by eating beef…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.