Drought on the prairies leads to reduced cattle production, causing increased steak prices.
Drought on the prairies is causing an increase in steak prices due to reduced cattle production. Severe drought across North America has led to smaller cattle herds, resulting in less beef production and increased retail prices at the consumer level. Both Canadian and U.S. ranchers have downsized their herds due to lack of grazing grass, causing a shortfall in beef supply. As a result, consumers can expect higher steak prices in the coming years.
February 25, 2024
28 Articles