First it was eggs, now beef prices are on the rise
Transcript:
CAROLINE WOODS: Your next barbecue might cost you more—especially if burgers are on the menu.
Beef prices are hitting records—up nearly 9% since January—now averaging $9.26 a pound, according to the USDA.
Ground beef alone jumped nearly 12% in the past year to $6.12 a pound.
So, what’s causing prices to sizzle?
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Persistent drought, high feed costs, rising imports—and a recent pest outbreak in Mexico that cut off cattle shipments—are all squeezing supply, just as demand stays strong.
Tyson Foods’ CEO recently called it “the most challenging beef environment” they’ve ever seen—but said consumer demand remains “resilient” and “healthy.”
While beef prices usually cool off in the fall as grilling season fades, experts say any dip this year will likely be modest. And they warn: this trend isn’t cooling off anytime soon—prices could stay elevated into 2026 and beyond.
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