Chart: The Surging Price of Beef in America

Beef prices hit record highs as nationwide cattle inventory drops to lowest level in 70 years

Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef.The Bureau of Labor Statistics' consumer price index report for August showed a surge in beef prices over the past year. Ground beef prices were up 12.8% on a year-over-year basis in August, while beef roasts were up 13.6%, and steak prices were 16.6% highe…

Chart: The Surging Price of Beef in America

See more visualizations like this on the Voronoi app. Use This Visualization Chart: The Surging Price of Beef in America See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Since August 2024, beef prices have soared 13% for American consumers. Steak prices are up 16% annually due to low cattle i…