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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.
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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.

·United States
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KMTV broke the news in on Tuesday, July 29, 2025.
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