Beef prices hit record high
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Australia, Trump and beef
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Supply constraints and high demand have driven up beef prices. Experts warn that it could take years to rein prices back in.
Doan has seen the rise in beef prices and knows the source of that pain: it’s the high price of cattle at market. Some of the reasons for that include: the U.S. cattle herd is at the lowest point since 1951, harsh winters, drought and high demand for beef products. This rancher has his own economic factors weighing against him.