Despite record-high beef prices, Americans are driving demand up with their steak purchases, as strong consumer desire pushes prices even further. Economists note that this trend is unlikely to slow down soon, with beef spending reaching over forty billion dollars this year, making up more than half of all fresh meat sales. Industry analysts predict tighter supplies in 2025 due to drought, high feed costs, and an aging ranching population, which could lead to further price increases. The Trump administration plans to address these rising prices by increasing beef imports and developing a long-term strategy to strengthen the domestic cattle industry.
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