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U.S. Beef Prices Soar to 70-Year High Amid Crisis

8/2/2025

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Summary

Story summary

U.S. beef prices have reached a 70-year high, with ground beef prices increasing over 25%.
Cattle inventory is at historic lows, while farmers face record-high input costs.
Premium cuts, such as ribeyes and filets, have risen by 12-15% since February.
Prices are likely to increase further during the holiday season.
Rebuilding cattle herds is essential to lower prices, but import tariffs may complicate recovery.

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Story summary

U.S. beef prices have reached a 70-year high, with ground beef prices increasing over 25%.
Cattle inventory is at historic lows, while farmers face record-high input costs.
Premium cuts, such as ribeyes and filets, have risen by 12-15% since February.
Prices are likely to increase further during the holiday season.
Rebuilding cattle herds is essential to lower prices, but import tariffs may complicate recovery.