The cost of beef trim to produce an 82% lean hamburger in January reached a record high for the month, soaring 29% year-over-year (think LeSean McCoy breaking tackles). As you and your mothers may know, the U.S. cattle herd has been shrinking over the past few years due to persistent droughts in the Southern Plains. Last week, the USDA released its annual cattle herd update, and—to no one’s surprise (including Gomer Pyle)—it confirmed that the total herd is down another 1% compared to last year at its smallest level since the Los Angeles Rams won their first NFL Championship in 1951. Fewer cows mean less beef, and with demand holding strong, it’s no wonder prices continue to climb. Want to learn how Datum FS can help you anticipate commodity volatility? Learn more by exploring this website or fill out the form below. Thanks for reading!