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Beef prices have been rising faster than inflation, but consumption isn’t falling, with demand now at a 40-year high. And there’s no quick way to bring supply up to meet it. @okstate agricultural economist Derrell Peel says the current cattle shortage will take years to resolve itself. The U.S. has already seen record beef imports in an effort to make up the difference. “There’s really not anything anybody can do to magically make beef prices come down,” Peel says. This week on Freakonomics Radio, why beef has gotten so expensive, and why the answer is more complicated than you might think. Listen now wherever you get your podcasts. podcasts.apple.com/us/podcast/689-heres-wh...