Beef prices continue climbing with no relief in sight, driven by the smallest U.S. cattle herd in 75 years.
The herd shrank to 86.2 million head in January 2026, according to UC Davis agricultural economist Daniel Sumner. Ranchers sold cattle during recent high prices, delaying recovery while demand remains strong.
Shasta County Cattlemen’s Association president Brian Stephenson cites drought and high feed costs forcing herd reductions. He blames the "Big Four" meatpackers-Tyson, JBS, Cargill and National Beef-for inflating prices after import restrictions, including Mexico's cattle ban.
Both experts agree prices will stay elevated. Stephenson notes historical cycles suggest eventual recovery as herds rebuild over time.