Other than money printing, I'm not sure what else might be going on with beef prices, which got me curious.
It looks like inventory has dropped a lot, but I'd guess we are producing the same or more pounds of beef just with fewer heads.
I couldn't find a chart over all of the US, but in Texas at least, that looks about right; a lot fewer heads but relatively stable production weight over time.
Where's the beef? Texas is the answer.
(I wonder what kind of alligator dodging cattle they're farming out in Florida.)
This all from the USDA's website, which has a nifty tool for survey visualization and a bunch of publications with more data.
related: 60% of imported American BEEF comes from Australia, Canada, and Brazil 🥩 #1267589