If you think beef is expensive now, just wait until next year when prices could soar nearly 60% [View all]

Beef prices have been giving Americans sticker shock at grocery stores lately, and they are poised to reach even more stomach-churning levels next year, according to Omaha Steaks CEO Nate Rempe.

In an interview Friday on Fox Business’ Mornings with Maria, he pointed out that the U.S. cattle herd is at 70-year lows while beef demand is at all-time highs.

To rebuild herds, ranchers must hold on to heifers rather than sending them out to meat processors. There are signs of that happening, but that also means beef supply will shrink in the near term, Rempe warned.

“So we are headed for what I’m calling the $10-a-pound reality by third quarter of ’26,” he predicted. “Families are going to see $10-a-pound ground beef in the grocery store.”

https://finance.yahoo.com/news/think-beef-expensive-now-just-234438259.html