US Edition
Beef prices continue to rise, latest CPI data shows
- Beef prices continued to rise in May 2025 across North America amid the smallest cattle herds in decades and increased consumer demand.
- This price surge followed a prolonged herd decline caused by recent droughts, wildfires, and a USDA closure of a southern U.S. port due to New World screwworm.
- As a result, ground beef prices rose 12.15% from $5.33 per pound last May to $6.02 this May, while cattle prices in Alberta climbed 14% year-over-year in April.
- ATB Financial's deputy chief economist explained that beef costs are expected to remain high for an extended period due to the lengthy process of replenishing cattle herds.
- This situation implies sustained higher grocery costs for consumers and challenges for producers managing supply amid ongoing economic pressures.
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Summer grilling could burn a hole in your pocket, so what's the beef?
Meat prices are up compared to last year, and a big reason why is that there just aren't as many cattle.The supply of cattle is at a historic low, spanning 50-73 years, while demand continues to rise, creating a perfect storm for higher prices at the checkout counter. That shortage stems from a few key factors: drought conditions in recent years and tough economic times prompted many farmers to sell off their herds early, even though they could …
Skyrocketing Beef Prices and Supply Chain Chaos: Now Is the Time to Stock Up on Prepper Beef’s 30% Off Premium Texas Steak Sale
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Coverage Details
Total News Sources29
Leaning Left2Leaning Right1Center18Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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