U.S. Beef Supply at Lowest Level in Decades, Sparking Price and Availability Concerns

U.S. beef cattle inventory has plunged to its lowest level since the 1970s, down 2% from last year
Total U.S. cattle and calf inventory is at its lowest since 1951 due to drought, high costs, and inflation
Cattle farmer John Boyd Jr. warns the lack of investment in U.S. cattle farmers is a "crisis" that will make beef prices climb
Beef demand has remained high since the COVID-19 pandemic as people grill more, but prices are predicted to increase
Boyd says the Biden administration is ignoring this crisis for American cattlemen that needs immediate attention