Pessimistic
Last updated: 2026-08-23 22:19:34 ET
Beef prices in the U.S have soared in 2026 due to a reduction in the nation's cattle herd.
The price of beef has climbed this year while other grocery prices have leveled out.
President Trump on Friday announced plans to lift tariffs on beef imports for 90 days as he attempts to crack down on soaring grocery bills.
Cattle ranchers have trimmed their herds in response to drought and low margins, helping push up the cost of another American staple food.
Ground beef prices, now averaging nearly $7 a pound, remain historically high due to shrinking cattle herds.
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