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Beef Prices Surge Despite Trump's Promises of Relief

2/27/2026

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Story summary
  • U.S. President Donald Trump claimed in the State of the Union that policies were reducing food prices, including beef.
  • Beef prices rose to $6.75 per pound in January 2026, up 22% from January 2025.
  • Agricultural economists attribute the rise to higher demand and a cattle-supply decline, the lowest since 1951.
  • The administration's efforts to boost supply through imports could harm U.S. cattle farmers.