"There is not much relief in sight as long as supplies are tight and consumers keep buying," one expert told Newsweek.

Beef prices surged to an all-time high in July as the market grappled with consistently strong demand and long-term issues in domestic production.

According to the latest consumer price index, which the Bureau of Labor Statistics published on Tuesday, the beef and veal index rose by 2.5% in July, compared to 0.2% for the broader food category. This capped an 11.3% increase over the past 12 months.

Meanwhile, the price of ground beef and uncooked beef steaks has risen by 11.5% and 12.4%, respectively, both now at record levels.

  • Madzielle@lemmy.dbzer0.comEnglish
    17·
    5 hours ago

    I reduced my beef intake significantly nearly three years ago. I cook it maybe twice a year for holidays. Beans are absolutely so versatile. Beef is terrible for the environment, and should be expensive.

    That being said, I was looking at the sales at my local grocery and they had those “Bubba Burgers” I think the brand is called, frozen beef burgers, on sale, for $16.99 with only 6 patties in the box. I was shocked. Glad I’ve already invested myself in learning the ways of the bean.