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Story summary
- Beef prices in the United States have reached record highs due to strong demand.
- Glynn Tonsor of Kansas State University notes Americans are buying beef, with prices rising from $8.40 to $9.18 per pound from March to August 2025.
- In 2024, over $40 billion was spent on fresh beef.
- Drought, high feed costs, and an aging cattle population have driven cattle supply to a 70-year low.
