US cattle herd is at its lowest while beef demand hits records
US cattle herd is at its lowest while beef demand hits records
About 20% of the beef Americans eat is imported, much of it for ground beef.
Kent Bacus, Executive Director of Government Affairs at the National Cattlemen’s Beef Association, says New Zealand is a reliable source.
The US herd is at its lowest numbers while demand for beef is at an all-time high.
He says a rebuild needs a stable economy and a president who stops posting about beef prices.
“If we just had the market forces to work with, then I think we would really start to see a rebuild in the next 18 to 24 months.”
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