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Offline mystery-ak

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Beef prices are soaring: Here’s why
« on: July 23, 2025, 12:30:13 pm »
 Beef prices are soaring: Here’s why
by Filip Timotija - 07/23/25 12:23 PM ET

Beef prices are soaring across the country and it is unlikely it will drop anytime soon.

Since of the start of the year, the price of beef increased over eight percent and is currently selling for $9.26 per pound, according to the U.S. Department of Agriculture (USDA).

The U.S. Bureau of Labor Statistics shows that the average price of ground beef, a staple in American households, increased to $6.10 last month. In June 2024, the average price was $5.36.

Tariffs imposed by President Trump on a variety of countries have not had a huge impact on prices of beef yet. The U.S. imported over 4.1 billion pounds of beef last year, according to USDA data.

The countries that export a significant amount of meat, such as New Zealand and Australia, are facing a 10 percent tariff, while others, like Brazil, which has exported 216,119 metric tons of meat this year, might be staring at a 50 percent tariff.

Still, multiple other factors have contributed to the rise in beef prices, including drought conditions, a downward trend in the number of herds, high supply costs and a parasite impacting some imported cattle.

more
https://thehill.com/business/agriculture/5415684-what-to-know-about-rising-beef-prices/
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Offline DefiantMassRINO

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Re: Beef prices are soaring: Here’s why
« Reply #1 on: July 23, 2025, 12:38:44 pm »
Or the increased cost of feed as feed crops are diverted to make bio-energy.
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Offline IsailedawayfromFR

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Re: Beef prices are soaring: Here’s why
« Reply #2 on: July 23, 2025, 02:02:03 pm »
Near my farm, there are a number of legacy farms being sold off to real estate investment companies and carved up to make 10-20 acre sites as people are turning toward owning 'a piece of land'.

Most of these sites have limited livestock on them, meaning land is being taken out of production of beef cattle.
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Offline libertybele

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Re: Beef prices are soaring: Here’s why
« Reply #3 on: July 23, 2025, 03:25:46 pm »
I just got back from the grocery store.  Some prices have actually gone down a bit, but yes, beef is through the roof.  I paid $8.49/lb for ground sirloin and $10.99/lb for beef round chunks.  Rib-eye steaks were on sale, but I can't afford $20.00+ for one steak.  It's cheaper actually once  in awhile to buy a combo deal from Omaha Steak.

So...chicken and pork are still fairly affordable.  happy77

Our freezers don't have the cuts of beef that we once enjoyed, but we have meat.  Thank you Lord Jesus!
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