Ranchers Say Expanding Herds to Take Advantage of Record Retail Beef Prices Isn't so Simple
UNITED STATES, JUL 30 – The U.S. cattle herd hit a record low of 94.2 million midyear, limiting supply amid high costs for feed, drought, and interest rates, USDA data shows.
- Prices for ground beef and steak have reached an all-time high, with the average price for ground beef at $6.12 per pound in June, reflecting a nearly 12% increase from last year, according to the U.S. Bureau of Labor Statistics.
- Experts indicate that consumers should not expect relief from high beef prices anytime soon, as there is a lack of beef cows in the country.
- Feed lot owners are facing challenges as they buy feed high and hope to sell beef at higher prices.
- The cost of replacements is rising, leading to shrinking margins for ranchers, despite high market prices.
52 Articles
52 Articles
Why record beef prices aren’t benefiting ranchers right away
In a period when retail beef prices are at an all-time high and consumers are still willing to pay, South Dakota rancher Calli Williams would love to cash in. But it’s not so simple. Williams and her husband, Tate, raise about 70 cow-calf pairs near Letcher in southeastern South Dakota, roughly 18 miles (29 kilometers) north of Mitchell. They own about 80 acres (32 hectares) and rent additional pasture. Between the drought that hit cattle countr…

Ranchers say expanding herds to take advantage of record retail beef prices isn't so simple
South Dakota rancher Calli Williams wants to benefit from high beef prices, but it's not so simple. She and her husband have faced challenges like drought, limited grass for grazing, and rising land costs.
Record High Beef Prices: Georgetown farm offers solutions for consumers
Prices for ground beef and steak have reached an all time high, and experts indicate that consumers should not expect relief anytime soon. Contributing factors include drought conditions, rising cattle prices, and the potential for widespread tariffs.Over the decades, beef prices have steadily increased, and with current prices hitting record highs, many are seeking ways to save on their grocery bills.Jessica McQuade from Triple J Farm in George…
Why are beef prices so high? Iowa producers say they're getting squeezed, too
Livestock auction day at the Cass County fair seemed like a good time to talk to beef producers about the high cost of beef and how it's affecting them. Producers say, there aren't enough cows having babies in the U.S. and it will take time to get those numbers up. "Everything we do costs more. We're in an inflationary environment, so beef is naturally going to cost more," said Zak Kennedy, owner of Kennedy Cattle Company. "Feeding cattle is a l…
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