It’s now $12
Beef prices have risen 50% in 4 years.
It’s the lowest level since the Korean War.
Perhaps due to the effects of climate change, these neighborhoods have been popping up every year recently.
We are in a situation where we are being hit hard by a large-scale drought. Because of this, the grass does not grow properly and the lucky grass that grows is ineffective.
Since there is not enough grass to feed so many cows, hay has to be brought in from other areas.
The problem is that most livestock farms in the United States are in the same situation, so everyone is clamoring for hay bales.
Also, there is a severe shortage of trucks to transport this much. As a result, transportation costs are expected to skyrocket, exceeding two-fold.
In the end, when there was nothing left to raise and sell cows, livestock farmers resorted to selling expensive cows to slaughterhouses in order to make a quick exit.
If this happens, the total number of cows in the U.S. that will give birth to calves will disappear, so the overall number of cattle in the United States is expected to continue to decline.
The most important thing is that the demand for beef is increasing, but the number of cows is decreasing.
As supply decreases and demand increases, the price is at least a piece of cake.
The reason the United States is recently considering importing Argentine beef is in line with that reason.
summary
Beef prices in the U.S. market are expected to skyrocket as early as next year.