💨 Abstract

Beef prices in the U.S. have soared nearly 9% since January, with significant increases in specific cuts like filets and ground beef. This upward trend is due to reduced cattle herds, drought, increased imports, and steady domestic demand. Experts note that beef price stabilization will be more challenging than with eggs due to the complex nature of cattle ranching. Retailers like Walmart are exploring cost-saving measures, such as processing their own beef, to manage these high prices.

Courtesy: WTOP Staff