The beef industry cattle inventory is shrinking.
Farmers in Colorado say they have had to reduce their herd sizes because it getting more expensive to run their farms.
Source: foxbusiness.com
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Beef prices expected to stay high as drought causes America to run low on cows
America is running low on cows, according to new numbers out this week from the USDA. The figures show ranchers have fewer cattle and that is contributing to the cost of beef being more expensive.
Source: nypost.com