The Real Reason Steakhouses Are Disappearing

Rising Beef Prices

Photo Credit: BlackRiv / Pixabay
Photo Credit: BlackRiv / Pixabay

Rising beef prices are partially to blame. Beef prices have been rising steadily since the early 2000s. This is mostly because of drought conditions.

Farmers and beef producers were trying to keep up with the high demand. It’s basic supply and demand economics. Beef kept getting more and more expensive.