How Soaring Beef Prices Are Changing Texas Barbecue
Summary
Beef prices in the United States have reached record levels due to a smaller cattle herd, higher costs for ranchers, and strong demand. This rise in cost is making it harder for barbecue restaurants, especially in Texas, to stay open and maintain their prices.Key Facts
- Beef and veal prices were about 15% higher in April 2024 compared to the previous year.
- The U.S. cattle herd size dropped to its smallest number since 1951.
- Rising costs for ranchers include drought, higher fuel prices, and less available land.
- Meatpacking companies are under investigation for possibly raising prices unfairly.
- Demand for beef remains high, especially during grilling season, pushing prices up further.
- The USDA expects beef prices to rise another 12% during 2024.
- Texas barbecue restaurants face closures due to rising beef costs, affecting popular dishes like brisket and smoked sausage.
- Some restaurants are changing menus to stretch meat supplies and control costs.
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