The Golden Calf

We’re living at the intersection of a protein craze and the midterm elections, so you can be sure there will be a lot of finger-pointing when it comes to America’s high beef prices (that are unlikely to come down anytime soon). But, like most economic trends, this one is more complicated than it seems. “There’s no quick fix for tight supplies, as the sticker shock in the grocery aisles didn’t happen overnight. It’s not just that the animals take a long time to grow. The complicated economics of cattle ranching also create pain points at key stages of production.” Bloomberg (Gift Article): One Calf Shows Why Record Beef Prices Still Aren’t Coming Down.