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Beef Prices Soar to Record High Amid Supply Crisis

5/23/2025

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Summary

Story summary

U.S. beef prices reached a record $5.80 per pound, marking a nearly 50% rise in five years.
Rising costs for cattle, feed, and land have resulted in the lowest cattle herd numbers in over 70 years.
The USDA forecasts ongoing beef price increases through 2025, driven by tightening supplies and elevated production costs.

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Story summary

U.S. beef prices reached a record $5.80 per pound, marking a nearly 50% rise in five years.
Rising costs for cattle, feed, and land have resulted in the lowest cattle herd numbers in over 70 years.
The USDA forecasts ongoing beef price increases through 2025, driven by tightening supplies and elevated production costs.