Beef demand is up, and supplies are down, reports CNBC's Jane Wells. One California rancher Bud Sloan is having to buy feed because of the drought, and has cut his herd nearly in half.
Beef demand is up, and supplies are down, reports CNBC's Jane Wells. One California rancher Bud Sloan is having to buy feed because of the drought, and has cut his herd nearly in half.
Beef prices are going up with ground beef up 9 percent in a year, reports CNBC's Jane Wells. And it doesn't look like it will come down any time this summer.