By Ryan Hanrahan
Newsweek’s Hugh Cameron reported that “ground beef prices across the U.S. continue to reach new highs, driven by shrinking cattle herds, with looming import restrictions threatening to push costs even higher.”
“According to government data released last week, the average price of a pound of 100 percent ground beef rose to $6.12 last month, up from $5.98 in May and $5.47 in June 2024,” Cameron reported. “Experts have said this trend shows no signs of slowing, meaning there may be upward pressure on prices through 2026 and beyond.”
“The rising cost of staple agricultural products such as beef and eggs has further strained household budgets in 2025, as well as the budgets of businesses reliant on the sales of these items,” Cameron reported. “In addition to having an outsize effect on inflation data, summer price increases are hitting during the peak months—when beef sales traditionally peak because of outdoor gatherings—further underscoring the growing issue.”
Source : illinois.edu