Beef Prices Soaring: Ground Beef Could Hit $10/Pound

Brace for a significant increase in beef prices, with ground beef potentially reaching ten dollars a pound by Q3 2026. The U.S. cattle herd is at a seventy-year low, while demand is at an all-time high, creating a perfect storm for rising costs. Factors like droughts, high interest rates, and expensive feed have led to a sharp decrease in cattle numbers, reducing supply and pushing prices up. While former President Trump has removed tariffs on beef, experts believe this is not the main driver of price increases. The situation will likely force consumers to adjust their shopping habits and seek out more cost-effective protein options.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.