Why are beef prices so high? #food #podcast

On this episode of the Odd Lots podcast, Bill Bullard, CEO of R-CALF USA, a trade association for independent cattle ranchers, joins Tracy Alloway and Joe Weisenthal to talk about the forces shrinking America's cattle industry and raising the cost of beef.

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The country's cattle herd has shrunk to its smallest size in decades and beef prices have been soaring this year, with hamburgers and steaks becoming the latest flashpoints in the political debate over higher food prices. In this episode, we untangle the roots of declining domestic beef supply — from drought and surging feed costs to the lasting impact of consolidation in the meatpacking industry. We speak with Bill Bullard, CEO of R-CALF USA, a trade association for independent cattle ranchers, about the forces shrinking America's cattle industry and what can be done about it. (Editor's Note: This episode was recorded Oct. 30)

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Видео Why are beef prices so high? #food #podcast канала Bloomberg Television