Burgers and steak prices are skyrocketing. This is why
… US beef prices are spiking after years of drought in areas where cattle are raised. In the southwestern US in particular, which includes cattle-producing areas like California’s San Joaquin Valley, drought has exceeded historical expectations over the last quarter-century. … Ranchers have some options, including feeding their herds alternatives to pasture grass, such as hay. But as dry conditions continue, selling the cattle begins to make more financial sense than buying the expensive feed. US herds have been dwindling for years, and are now smaller than ever even as drought conditions have improved.
Other drought impact news:
- Wine Industry Advisor: Every last drop: water scarcity and winegrape vineyard expansion in Arizona and Colorado