Here......you forgot a few important tidbits in your zeal, but no TACO for you
The number of head of cattle in the United States is at a low really not seen since the 1950s," said Nate Rempe, president and CEO of Omaha Steaks,
"That supply pressure is really putting a lot of upward pressure on price, especially as demand is still so strong in the U.S."
According to the Bureau of Labor Statistics, meat prices have increased year-over-year, with steak up 7%, ground beef 10%, chicken nearly 3% and ham over 4%. Rempe believes the issue goes beyond tariffs and trade policy.
The American cattle herd hit historic lows this year, according to the U.S. Department of Agriculture. The latest USDA report shows a multi-year pattern of decline in the number of cows and heifers.