The Beef Industry Has a Message: Get Used to High Prices

Efforts to improve supply have been slow-moving. Ranchers are reluctant to erode their strongest profits in decades by increasing the size of their herds. As a result, the U.S. cattle herd is at its lowest level in 75 years, according to the Agriculture Department. Measures from the Trump administration to rein in prices have had little effect on the market. Read more here.