Why beef prices are so high

The Indicator podcast presents "The Beigey Awards," a semi-annual recognition of insightful economic stories from the Federal Reserve's Beige Book. This episode highlights a New York Fed observation about slow alcohol sales and awards the Dallas Fed for their report on high cattle prices and declining beef production due to drought, high feed costs, and import restrictions caused by the New World screwworm. The hosts interview Laila Ahsani from the Dallas Fed and Jack Berger, a rancher from Wyoming, to discuss the factors influencing beef prices, including the cattle cycle, tariffs, and the impact of increased costs on ranchers.