U.S. Cattle Herd Shrinks for 7th Year, Beef Prices Surge 13%—Supply Chain Strain Ahead
The U.S. cattle herd’s seven-year contraction is slashing beef production, pushing ground beef to $6.75 per pound (up 13% YoY). Supply chain professionals face sustained procurement pressure, with drought, labor shortages, and seasonal demand driving costs higher and no quick recovery in sight.