ANALYSIS: Lean Beef Supply on the Cusp of the Fresh 90 Price Bubble

Fresh 90s have been a major topic of discussion this year as prices continue to outpace those of previous years. This increase is significantly influenced by the constrained supply due to lower cow slaughter counts. Throughout 2024, domestic U.S. slaughter numbers for cows and bulls have been on a downward trend as depicted in Figure 1. Comparing the year-to-date for 2024 with the first six months of 2023 reveals a notable decline of 14.3% in the number of heads slaughtered, with approximately 3,094...

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