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Ground Beef Prices Surge to Record $6.99 per Pound

8/16/2025

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Summary

Story summary

Ground beef prices have hit a record average of $6.99 per pound, an 11% increase from last year.
Contributing factors include low cattle inventory from drought and rising feed costs.
Walmart has opened a beef facility in Kansas to reduce expenses.
Experts anticipate price stabilization as consumer purchasing behaviors evolve.

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Story summary

Ground beef prices have hit a record average of $6.99 per pound, an 11% increase from last year.
Contributing factors include low cattle inventory from drought and rising feed costs.
Walmart has opened a beef facility in Kansas to reduce expenses.
Experts anticipate price stabilization as consumer purchasing behaviors evolve.