The Beef on High Prices: A Tale of Efficiency Lost Record high US beef prices have left many wondering where the money is going.
For cattle rancher Eric Gropper, it's a mixed bag – his calves are fetching record sums, but he's not seeing any significant profit boost due to skyrocketing costs.
The issue lies in the national shortage of cattle, caused by drought and disease pressure that has resulted in fewer cattle than at any point since 1951.