The US cattle herd has reached a 75-year low, which is expected to drive beef prices higher. The reasons for the decline in the cattle herd and its impact on prices are being examined, with some outlets suggesting the herd may never fully recover. Reports on the effect of trade policies on beef prices are conflicting, with some indicating that tariffs are increasing prices, while others note that tariff quotas on beef imports have been suspended in an effort to lower prices.