The prices of all beef cuts increased in May, ranging from +7.4 per cent year-over-year for beef ribs to +25 per cent for beef chuck. As Stacey Taylor, an assistant professor of business analytics at Cape Breton University, told National Post in April, beef supply will remain tight as ranchers deal with the aftermath of herd contraction. “Farmers tend to reduce their herd sizes when feed costs are very expensive, or they’re going through a period of uncertainty. So, it can take many years to get those herds back to full strength.”