Looking to grill out this summer? A shrinking US cattle herd is driving up beef prices.

With the U.S. cattle herd at its smallest size since 1951, beef prices are on the rise, making it pricier to grill out this summer. Ranchers face challenges in expanding the herd due to various factors, including changing weather patterns and high feed costs. This shrinking herd situation is significant as it affects not only the agricultural industry but also consumers, potentially leading to higher grocery bills. The long-term implications could see more fluctuations in meat prices, impacting everything from restaurant menus to household budgets.