Supply Chain Pressures Drive Beef Prices Higher As Economic Concerns Mount
American consumers are facing sticker shock at the grocery store as beef prices continue their relentless climb, with ground beef…
Tag: Ground beef
Beef Prices Surge 14% As Cattle Shortages Worsen, Trump Eyes Relief Deal
Beef prices have surged 14% over the past year as cattle shortages reach critical levels. The Department of Agriculture reports lean ground beef now averages $7.95 per pound amid declining production forecasts.
Beef Inflation Hits American Consumers
Americans are facing significantly higher beef prices, with ground beef reaching $7.95 per pound on average in August, representing an 8% increase since January, according to reports. The broader beef category has experienced even steeper inflation, climbing 14% over the past year as cattle shortages and production challenges persist across the industry.