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Beef Prices Soar Amid Drought and Tariffs

10/5/2025

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Summary

Story summary

Beef prices are at record highs year over year: ground beef up 12.8%, roasts 13.6%, steak 16.6%.
Droughts pushed U.S. cattle inventory to its lowest since 1951, prompting herd liquidation.
Imports are restricted due to New World screwworm cases, and tariffs, including a 76% tariff on Brazilian beef, raise prices.
Ranchers urge government support amid rising costs.

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Story summary

Beef prices are at record highs year over year: ground beef up 12.8%, roasts 13.6%, steak 16.6%.
Droughts pushed U.S. cattle inventory to its lowest since 1951, prompting herd liquidation.
Imports are restricted due to New World screwworm cases, and tariffs, including a 76% tariff on Brazilian beef, raise prices.
Ranchers urge government support amid rising costs.