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flag US beef prices hit record highs at $9.26 per pound due to shrinking herds and rising costs.

flag Beef prices in the US have surged nearly 9%, hitting record highs at $9.26 per pound, driven by shrinking cattle herds, drought, and rising feed costs. flag These conditions have pushed the average price of ground beef to $6.12 per pound. flag Despite high prices, ranchers face low profitability, and imports now make up 8% of US beef consumption. flag Analysts predict prices will remain high through 2026, impacting household budgets. flag Retailers like Walmart are responding by opening their beef facilities to reduce costs.

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