U.S. Cattle Production Hits Decades-Low, Prices Expected to Soar

Amidst a significant drop in cattle production, experts warn of steep price hikes for beef in the coming years.

Cattle production in the U.S. has plummeted to its lowest levels in decades, with a significant impact on the beef supply.
John Boyd, Jr., president of the National Black Farmers Association, highlights the crisis as a result of Biden administration policies.
The USDA reports a drop in the national cattle herd to 87.2 million head, the lowest in 73 years, with the smallest calf crop since 1948.
Persistent drought, high input costs, and inflation are exacerbating the situation, putting pressure on both consumers and farmers.
Beef prices, which averaged $5 per pound last year, are predicted to climb significantly over the next few years.