Record Beef Prices Sizzle Memorial Day Cookouts
Record beef prices are significantly impacting the cost of Memorial Day cookouts this year. Ground chuck, a popular choice for burgers, hit a record high of $6 per pound in April, a 14% increase compared to the previous year. This surge is primarily attributed to a drastic reduction in cattle herds, a consequence of several years of drought that severely limited grazing lands.
This situation underscores the interconnectedness of factors influencing food prices. The shrinking cattle herds aren’t just a matter of agricultural production; they reflect the broader impact of environmental challenges, such as prolonged drought, which has far-reaching economic consequences.… Continue reading
Matt Underwood