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Cattle ranchers have trimmed their herds in response to drought and low margins, helping to push up the cost of another American staple food.
President Trump announced a temporary waiver of higher beef tariffs in an effort to lower ground beef prices, which are averaging nearly $7 a pound amid shrinking cattle herds. Ranchers have reduced herds due to drought and low margins, contributing to historically high costs for the staple.
NYTimes – Business Cattle ranchers have trimmed their herds in response to drought and low margins, helping to push up the cost of another American staple food.
NYTimes – Business Cattle ranchers have trimmed their herds in response to drought and low margins, helping to push up the cost of another American staple food.
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