Beef prices soar due to smallest US cattle herd in 75 years, recovery not expected until 2028-2029

US beef prices have surged by about 23% due to the smallest cattle herd in 75 years, currently at 86.2 million head, down from 94.7 million in 2019. Persistent drought has forced ranchers to reduce their herds, including breeding cows, delaying recovery. Tyson Foods is closing beef facilities amid this historic shortage, and experts predict herd rebuilding and price relief won't occur until 2028 or 2029. Consumers face higher beef costs until the cattle supply improves over several years.