Key facts
- Beef prices have reached an all-time high.
- There are fewer cattle on the ground across the country than in the last seven decades.
- Restaurant owners are struggling to stay afloat due to rising beef costs.
Beef prices have reached an unprecedented all-time high, driven by a severe shortage of cattle across the United States. Experts indicate that the current number of cattle on the ground is the lowest it has been in the last seven decades. This scarcity is directly impacting businesses, particularly restaurant owners in Texas, who are finding it increasingly difficult to remain profitable amidst the soaring costs of beef.