Live cattle prices are racing for the sky, up nearly 12% in the previous two months. Most forecasts predict increasingly high beef prices in 2024 as ranchers strive to rebuild herds depleted by the double whammy of drought and the pandemic. As farmers rally across Europe and American consumers helplessly watch their grocery tabs soar, food prices are likely to continue their rise.
KLAR: Can Donald Trump Lower Beef Prices?
Americans struggling with grocery budgets will have noticed that the cost of beef has been particularly high. The Trump administration inherited the problem of elevated meat and grocery prices, which had been exacerbated by broad inflation during the Biden administration. Numerous pressures have pushed steak and hamburger prices to new highs. President Trump recently proclaimed … Read more