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flag US beef prices hit record highs due to shrinking cattle herds, drought, and import issues.

flag Beef prices in the US have hit record highs, with ground beef averaging $6.12 per pound, a 12% increase from last year, and steak prices up 8% to $11.49 per pound. flag Contributing factors include a shrinking cattle herd, drought, and a parasite in Mexico affecting cattle imports. flag Despite strong demand, experts predict prices will remain high due to limited supply and potential tariffs.

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