Sylvain Charlebois, a noted food systems expert, and Greg Hawkwood, an Alberta rancher, dive into the reasons behind skyrocketing beef prices in Canada. Hawkwood shares the challenges posed by drought, leading to tough decisions about herd sizes. Charlebois elaborates on how combined factors like herd liquidation and slow recovery in cattle cycles contribute to price spikes. The discussion also touches on consumer behavior, the impact of beef on grocery inflation, and predictions for the future of beef prices, which may remain high until mid-2027.
