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Pricier Burgers Are Coming for Diners as US Cattle Herd Plummets

Yahoo Finance |  Jan. 31, 2023

(Bloomberg) — Steaks and hamburgers will likely be more expensive in the next few years with US cattle shrinking to its lowest herd since 2014.

There were almost 89.3 million cattle as of Jan. 1, down 3% from a year ago, according to a US Department of Agriculture cattle-inventory report Tuesday. While the drop wasn’t unexpected — the total nearly matched expectations in a Bloomberg survey — a bigger decline in beef output may still be ahead in 2025 or 2026.

“With fewer cattle supplies becoming available, beef production is expected to undergo a sizable decline over the next few years,” said Courtney Shum, a livestock-market reporter at Urner Barry, an industry publication.

Years-long drought in the US Plains has withered pastures and squeezed supplies of feeds including hay and corn. The result: ranchers have liquidated some animals to cut costs, depressing breeding.

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1 Comment on Pricier Burgers Are Coming for Diners as US Cattle Herd Plummets

  1. Billy Goat Gates of Hell’s “Climate Change” rhetoric and his attack on farmers and livestock (with government complicity) including buying up all the farmland, investing in GMOs, lab meat and eggs will assure, by design, expensive produce while he makes buck copying nature and providing toxic fake foods.

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