Expensive Steaks Here to Stay as Drought Cuts Canada Cattle Herd
Why Expensive Steaks Are Here to Stay
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From burger meat to prime steaks, the rising cost of beef from Canada shows no signs of easing anytime soon. To understand why, look no further than ranchers like Shawn Freimark who can’t afford to feed their cattle.
A drought has parched pastureland throughout the biggest beef-producing provinces and left Canada, the world’s seventh-largest exporter, with its smallest herd in 22 years. Freimark was unable to grow the grass normally used to feed his 200 cattle in Castor, Alberta. He’s sold one-fifth of his animals to cut his losses, and may unload even more.