Long-term trends and short-term challenges are converging to send the price of beef soaring.
As Americans continue to deal with persistent, shockingly high food inflation, the steep increase in beef prices has drawn the attention of Main Street and the White House. In October, President Donald Trump proposed executive actions to drive down the price.
Those who spoke with The Epoch Times said there’s no easy solution.
In short, the size of America’s cattle herd is as small as it’s been in nearly 70 years, and even aggressive efforts to get more head in the field would take years to pay off….