In June, the average price of ground beef reached a record $6.12 per pound, driven by a shrinking U.S. cattle herd, ongoing drought, and external pressures like a flesh-eating pest in Mexico and potential tariffs on imports. Despite improving pasture conditions and lower grain prices, demand for beef remains strong, sustaining high prices for the foreseeable future.
Explain It To Me Like I’m 5: Beef prices in the U.S. have reached record highs due to a shrinking cattle supply caused by drought, rising feed costs, and various economic factors, leading to higher costs for burgers and steaks this summer.
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