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Cattle herd ‘fix’ is taking years longer than predicted, CEO warns amid historic beef shortage
America’s historic beef shortage may not ease anytime soon as the U.S. cattle herd remains at its lowest level in more than seven decades, keeping pressure on prices even as consumers continue to buy beef at elevated levels.Omaha Steaks President and CEO Nate Rempe joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the supply challenges facing the beef industry and why meaningful price relief could still be years away. The discussion comes as retail beef prices reached a record $9.64 per pound in April, up 13% from a year earlier, according to USDA data.While recent conce...1 week ago
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