Trump to allow import of 300,000 metric tons of ground beef without tariff
Beef prices in the U.S have soared in 2026 due to a reduction in the nation's cattle herd.
Last updated: 2026-08-22 15:30:26 ET
Beef prices in the U.S have soared in 2026 due to a reduction in the nation's cattle herd.
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.
Meat producer closes facilities in Utah and Iowa as beef prices rise for consumers amid historic cattle shortageTyson Foods, the largest meatpacking c...
USDA data shows the nation entered 2026 with just 86.2 million cattle, down more than 8 million from 2019.
Unlock the AI Macro Analyst to drill down into the data, explore hidden risks, and query the entire market briefing in real-time.
LOG IN / SUBSCRIBE