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America’s Favorite Meat No Longer Available

by Market FinancePosted onMarch 1, 2023March 1, 2023

The Biden effect in full swing.

America’s favorite meat product, beef, is at its lowest level of inventory in the United States since 1962 says the U.S. Department of Agriculture (USDA).

According to Breitbart, the USDA’s biannual cattle report found that from Jan. 1, 2023, there is only a 89.3 million head inventory making it 3% lower than the total compared to just one year ago and is at it’s lowest level since 2015.

Furthermore, there are only 28.9 million beef cows, which are specifically for meat, which is down 4% compared to last year whcih is the lowest they have had since 1962.

Things are so bad that Beef Magazine‘s Ryan McGeeney explained:

For cattle producers in particular, drought conditions offered no replenishment of dwindling forage supplies, leaving many producers to cull deeper into their herds than they might have otherwise preferred. Elevated beef cull prices contributed to an 11% increase in beef cow slaughter, according to USDA.

Ryan McGeeney

University of Kentucky’s Kenny Burdine and James Mitchell explained, “There is a pretty substantial biological lag in the beef supply chain. What consumers experience at the grocery store is a product of what cattle producers were going through a year or two ago. It takes about two years for a new calf to become the steak on your dinner plate.”

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