Several reports are detailing an increase in beef prices for American consumers this year driven by a shrinking supply in the nation’s cattle herd.
Here is a futures price chart for beef thanks to Trading Economics showing prices up about 25% in one year.
Given the high price for beef. more shoppers are likely to turn to chicken for their protein choice. Here is a contrasting one year chart for poultry prices, showing an actual decline over the past year.
