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U.S. Cattle Herd Hits Record Low, Beef Prices Surge

7/10/2025

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Summary

Story summary

The U.S. cattle herd has fallen to 86.7 million, the lowest since 1951, affecting beef supply and prices.
Drought and rising input costs have driven herd liquidation, resulting in record-high beef prices.
Retail beef prices average $8.83 per pound amid strong domestic demand.
Australia relies on U.S. beef to satisfy increasing demand, highlighting their partnership.
McDonald's may raise menu prices due to margin pressures from high beef costs.

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Story summary

The U.S. cattle herd has fallen to 86.7 million, the lowest since 1951, affecting beef supply and prices.
Drought and rising input costs have driven herd liquidation, resulting in record-high beef prices.
Retail beef prices average $8.83 per pound amid strong domestic demand.
Australia relies on U.S. beef to satisfy increasing demand, highlighting their partnership.
McDonald's may raise menu prices due to margin pressures from high beef costs.