Why beef prices in the U.S. are soaring

Ground beef prices in the US have surged 63% since 2020. The price of steak during that time has increased more than 60%. >> We have a little problem with beef.We're going to get that down very quickly. >> Speaking in the Oval Office yesterday, the president said prices are down throughout the United States, but he singled out beef as becoming more expensive. He said his administration will work to lower prices.One explanation for that rise is the size of the national herd is shrinking. Drought and high fee ...