US EditionBeef prices have soared in the US — and not just during grilling season
UNITED STATES, JUL 17 – Beef prices rose over 11% year-over-year due to the smallest U.S. cattle herd in 74 years, drought impacts, disease outbreaks, and upcoming import tariffs, officials said.
- As of January 1, 2025, the U.S. cattle herd numbered 86.7 million, the lowest since 1951 and down 8% from 2019.
- A three-year drought beginning in 2020, high feed costs, and a flesh-eating pest outbreak in Mexico led to lower cattle supplies.
- Officials cut off all cattle imports from Mexico last year, removing about 4% of U.S. slaughter cattle supply amid rising tariffs and continued supply pressures.
- Recent data shows cattle selling for over $230 per hundredweight, ground beef prices up nearly 12% to $6.12 per pound, and uncooked steak prices rising 8% to $11.49 per pound.
- Strong demand, improved breeding efficiency, and ongoing supply constraints are likely to keep beef prices elevated despite seasonal declines and tariff uncertainties.
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Poultry, roulades and minced beef have been noticeably more expensive since last year. This is a trend that continues. Experts have identified several causes for the rise in prices.
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Leaning Left46Leaning Right10Center91Last UpdatedBias Distribution62% Center
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- 62% of the sources are Center
62% Center
L 31%
C 62%
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