Rising Beef Prices Take Toll on Restaurants

The end of cheap cheesesteaks? Philly shop owner hoping 'crazy' beef prices settle after 'grilling season and all the rest'

“We’ve taken a hit, profitability-wise, just to maintain ... a reasonably priced cheesesteak of the best quality they can find," says Ken Silver of Jim's South St.

Jim's South Street owner, known for Philadelphia cheesesteaks, challenged by rising cost of beef

Jim's South St., a popular cheesesteak eatery in Philadelphia, says the price of beef from his supplier now is about $1 more per pound than it was a year ago.

Rising beef prices take toll on restaurants

For consumers, the average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data.

Famous Philly cheesesteak under threat as costs continue to spiral

The average price of a pound of ground beef rose to $6.12 in June

Why Ground Beef Prices Are Hitting Record-Highs in the U.S.

For many Americans, the cost of ground beef is starting to weigh down their weekly shopping baskets. Ground beef prices rose by 10.3% in June, when compared to the same time last year, surpassing $6 per pound. The price of steak rose by 12.4% within this period. “Egg prices have been through a rollercoaster ride. And now with beef, we’re seeing quite a significant price rise,” says David Ortega, a food economist and professor at Michigan State U…

Food prices follow inflation uptick; beef hits record high

Overall, beef and veal prices are predicted to increase 6.8 percent this year due to tight supplies and continued consumer demand.