This article is a nice little follow up to our earlier coverage of emerging inflation in the U.S. Prices for ground beef have risen 81 percent in the past five years, and we predict the price will keep going up due to the beef shortage and rising inflationary pressures.
The U.S. herd of beef cattle has not been this small since the early 1950s,and you can bet there are a lot more fast food restaurants serving hamburgers today than there were then. The cold winter and deep snow killed some cattle, but the extreme drought conditions in Texas and parts of the west have been even worse for cattle.
Speaking of the beef shortage, our supplier for the Survival Cave long term canned foods has informed us that orders for their beef cans are taking an average of three weeks to ship because of supply chain issues. If you were considering adding any of their canned beef to your long-term storage food program, we suggest you order soon. It does not look like the supply of beef is going to loosen any time soon.