When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers

Why is beef so expensive? And can consumers expect lower prices anytime soon? ‘It’s got to get worse before it gets better.’

The cost of ground beef has already surpassed all-time highs twice this year, and cattle ranchers and beef market experts alike doubt it’ll be the last.

When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers

When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers Bank of America analysts spoke with Oklahoma State University agricultural economist Derrell Peel, who offered new insight into the US cattle cycle. His key takeaway: the herd-rebuilding phase may not meaningfully begin to turn until near the end of the decade, suggesting elevated beef prices at the supermarket are here to stay. The most important issue in the beef industry is whe…