A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. A contraction in beef supplies “has been coming for a while,” said David Anderson, a professor in Texas A&M University’s agricultural economics department. © Provided by CNN Beef supplies are shrinking after farmers sold off cattle in response to drought and high costs. “If that’s the case, beef prices may be steadier.”And with food inflation stubbornly high, consumers are already cutting back on certain items, including beef. If demand remains strong, “we may see some higher beef prices,” towards the fall and later, Bernt said.
