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US cattle herd hits a record low of 94.2 million, driving beef prices to record highs.
The US cattle herd has hit a record low of 94.2 million, the smallest since 1961, due to years of drought forcing ranchers to reduce their herds.
This decrease is causing record-high beef prices.
The situation is worsened by restrictions on cattle imports from Mexico due to a New World Screwworm infestation.
This shortage is boosting cattle futures prices, as traders expect reduced cattle availability.
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El rebaño de ganado de EE.UU. alcanza un mínimo histórico de 94,2 millones, lo que lleva los precios de la carne a niveles récord.