Ground beef prices in the U.S. are soaring due to shrinking cattle herds, with the average price per pound reaching $6.12 in June 2025. Experts predict that prices will continue to rise through 2026. Factors such as drought conditions, inflation, and import restrictions are contributing to the price hikes. The U.S. Department of Agriculture reports the smallest number of cattle and calves on farms since 1951, leading to increased market values for cows and calves. The prospect of new tariffs on beef imports from countries like Canada, Australia, and Brazil could further drive up prices in the U.S.
Source: https://www.newsweek.com/ground-beef-prices-record-high-warnings-issued-2101604