July 28, 2025 – A severe cattle shortage in the United States, the world’s largest beef-producing country, has pushed cattle costs to historic highs, slashing profits for major meatpackers like JBS NV and Tyson Foods Inc. and driving record beef prices at grocery stores. The shortage stems from years of herd reductions by ranchers who struggled with high interest rates, expensive feed, and prolonged drought conditions. These pressures led many to sell off cattle rather than invest in long-term herd maintenance or expansion. Now, with cattle prices surging and pasture conditions showing...