Beef prices are likely to continue rising as U.S.-based cattle ranchers continue to shrink the size of their herds. This move is expected to further constrain U.S. beef production in the coming months, TheBlaze reported .
Data from the federal government confirms that rising costs for feed and other expenses are encouraging ranchers to sell calves into feedlots around the country at a faster rate which leaves fewer cattle available for slaughter. It is expected that this will become more pronounced later this year and into 2023.
Persistent drought conditions throughout the Western U.S. have decimated grazing pastures which cause cattle […]
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