Ground Beef Prices Continue Upward Climb
Ground beef prices in the United States surged to new highs in June, reflecting ongoing challenges in the cattle industry and global trade dynamics. According to a report from the National Association of Farm Broadcasters, prices are being driven up by a combination of domestic herd contraction and international import restrictions.
Dale Sandlin with Southeast AgNet reports:
Latest USDA Data Shows Significant Year-Over-Year Increase
Recent government data highlights the magnitude of the price increase. The average cost of a pound of 100% ground beef reached $6.12 in June—marking a 12% increase compared to the same month in 2024. This figure also represents a steady monthly rise, up from $5.98 in May and $5.47 in June 2023.
Supply Constraints and Trade Barriers Fuel the Rise
Industry analysts point to two major contributors behind the escalating prices: a shrinking national cattle herd and restrictive beef import policies. As cattle supplies dwindle due to prolonged droughts, high input costs, and producer attrition, supply chain stress continues to mount. Simultaneously, trade limitations are limiting the ability to supplement domestic supply with imported beef, further tightening availability.
Outlook: No Immediate Relief in Sight
Experts warn that the price momentum may persist well beyond 2025. Forecasts suggest sustained upward pressure on beef prices into 2026 and possibly longer, especially if herd rebuilding remains slow and global trade tensions persist.
Consumers and retailers alike should brace for continued high costs in the meat aisle.