Despite soaring beef prices, Americans remain steadfast in their love for steaks, roasts, and ground beef, driving demand and pushing prices higher. Consumer preference for beef is so strong that it overshadows supply fluctuations, with shoppers spending over forty billion dollars on fresh beef in 2024. The tight supply, exacerbated by drought, expensive feed, and an aging rancher population, is expected to worsen in 2025, with no immediate relief in sight due to the time-consuming process of raising and rebuilding herds.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
