Rancher: Years of Drought Largely to Blame for Low Cattle Supply, Record-High Beef Prices

US Cattle Tally Shows No End in Sight for Soaring Beef Prices

The latest US cattle tally offered little relief for consumers paying record beef prices, even as the cycle of herd liquidation seems to be coming to an end.

Ground Beef Prices Hit Record Highs Amid Industry Struggles

From Drought to Tariffs, Experts Say the Surge Is More Than a Seasonal Spike—and It’s Reshaping How Families Shop

Oklahoma drought impacts beef prices

Beef prices are rising due to a prolonged drought in Oklahoma, affecting cattle inventory and leading to higher costs at grocery stores.

Rancher: Years of drought largely to blame for low cattle supply, record-high beef prices

A Goodhue cattle rancher told 5 EYEWITNESS NEWS that the reason behind the price hike is largely supply and demand, with the U.S. cattle supply at the lowest it's been in more than 70 years.

U.S. cattle inventory, smallest since 1950s, slow to rebuild

The beef herd is historically small, pushing prices to record highs.