A multi-year cattle shortage has pushed the price of beef into very painful territory. In fact, in some areas of the country the price of ground beef now exceeds the federal minimum wage. This is the first time in U.S. history that this has ever happened. At the start of 2026, there were only 86.2 million head of cattle and calves in the United States. That is the smallest the national herd has been since 1951. Just think about that for a moment. This is an enormous problem because in 1951 there were 154 million people living in this nation, but there are 342 million people living in this nation today.We are being told that we are facing a “historic” cattle shortage, and it is causing some of the biggest meatpackers in the country to shut down facilities…
This is a major national crisis.
According to the USDA, the size of the U.S. cattle herd has fallen by 8 million just since 2019…
This is another instance where the trend is not our friend.
I asked Google to create a graph of the size of the U.S. cattle herd by year, and the decline that we have been experiencing since the beginning of the decade is unmistakable…

So why is this happening?
The answer to that question is very clear.
Ranchers throughout the middle of the nation have been dealing with severe drought…
This isn’t a new phenomenon.
In fact, according to Wikipedia a multi-decade drought in the Southwest actually began in the year 2000…
There had been hope that perhaps the region may be pulling out the megadrought, but then last winter was the driest winter that many areas of the Southwest have experienced in recorded history.
It is really hard to raise cattle if it doesn’t rain, and pastures throughout the Southwest are in very rough shape right now…
The reason why all of us should deeply care about this is because the consequences are being keenly felt at the grocery store.
Since 2021, the average price of ground beef in the United States has risen by well over 50 percent…

Today, the federal minimum wage is $7.25 an hour.
In some areas of the country the price of ground beef is still a little bit less than the federal minimum wage, and in some areas of the country the price of ground beef is actually higher than the federal minimum wage.
Ground beef is now more unaffordable than it has ever been in the entire history of our country.
In 1988, the average price of a pound of ground beef was $1.36.
In those days we ate like kings.
But now everything has changed, and it isn’t just the price of beef that is going up.
It is being reported that Oxford Economics is projecting that global food prices will go up 11.8 percent this year alone…
We saw a similar spike in global food prices just prior to the Arab Spring riots in the Middle East many years ago.
And JPMorgan just released a report that is projecting that global food prices will go up another 5 percent during the first half of next year…
Personally, I think that JPMorgan’s forecast is way too optimistic.
But that is just my opinion.
JPMorgan is concerned about the dual impact of the Super El Niño and the worldwide fertilizer shortage…
Most experts are still anticipating that supplies of fertilizer will be flowing normally through the Strait of Hormuz once we get to next spring.
Of course if that doesn’t actually happen we will have a real nightmare on our hands.
Already, we are facing a harvest season in the fall in which yields will be way down all over the planet thanks to a lack of fertilizer.
Everyone is counting on conditions bouncing back to normal in 2027, but I do not believe that is going to happen.
Approximately 733 million people on this planet go to bed hungry at night now, and I anticipate that number will only grow during the challenging months ahead.
Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com. He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.
The post The U.S. Faces A “Historic” Cattle Shortage As The Size Of The U.S. Herd Shrinks To The Smallest Since 1951 appeared first on The Economic Collapse.
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