Your Money Minute Beef Prices At Fresh Record Highs 7/8/25
Jul 8, 2025
Beef prices are soaring to record highs, driven by a surge in demand and a dwindling cattle herd. The podcast delves into the challenges ranchers face as they struggle to replenish their herds after a period of low prices. It also explores how ground beef prices have spiked, outpacing inflation trends, leaving consumers to feel the pinch. Tune in for insights into this beefy dilemma!
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Rising Beef Prices Explained
- Beef prices are hitting all-time record highs due to rising demand and fewer cattle being slaughtered.
- The U.S. has its smallest cattle herd since 1961, limiting supply while demand increases.
Herd Rebuilding Hesitation
- Ranchers hesitate to rebuild herds due to past low prices, expensive feed, and unpredictable weather.
- These factors contribute to the current meat supply shortage and price surge.
Beef Prices Outpace Inflation
- U.S. ground beef prices reached a record $5.98 per pound in May, outpacing 2.7% overall inflation this year.
- Imported beef from Canada and Mexico supplements U.S. supply but is subject to tariffs.