New Economy
Tuesday, 6/30, 05:43 PM
Record Beef Imports, Record Prices: The July 4 Paradox
- The US is importing more beef than ever — yet ground beef is also at a record price, well above $6 a pound, just in time for Fourth of July cookouts.
- The paradox has one main cause: the American cattle herd is the smallest it's been in about 75 years.