Source: Fox News
Summary
The US cattle herd has fallen to its smallest size in 75 years, leading to high beef prices that may last for years. Drought, rising feed costs, and an aging ranching workforce have forced producers to scale back. The industry is also highly concentrated, with four major companies processing about 85% of the nation’s grain-fed cattle. Despite higher prices, demand for beef has held up, with consumers spending over $45 billion on beef in 2025.
Our Reading
As expected, the matter has reached another stage.
The drought has wiped out grasslands, leaving ranchers without enough feed or water. Many have been forced to sell cattle early, including breeding cows. The industry’s concentration has drawn scrutiny from regulators. Higher prices haven’t scared off consumers, who spent over $45 billion on beef in 2025. The situation is a familiar one, with the industry’s dynamics playing out as usual.
The fact that consumers are buying more beef despite higher prices is a telling sign of the industry’s power.
Author: Evan Null
