Tag

Beef Prices

All articles tagged with #beef prices

business17 days ago•1 min saved

Wendy’s Owner Files for Bankruptcy as Beef Prices Spike Amid Tariff Controversy

Meritage Hospitality Group, which operates over 300 Wendy’s locations across 15 states, filed for Chapter 11 bankruptcy on September 17. The company cited rising beef costs, reduced imports from Mexico, and low cattle herd levels as primary drivers. While the U.S. Bureau of Labor Statistics reported ground beef prices reached $7.16 per pound in August, up 7.9% from 2025, Agriculture Secretary Brooke Rollins dismissed consumer concerns, suggesting alternatives like chicken or pork. Critics argue the administration’s import strategy focuses on low-quality trimmings rather than fresh cuts, failing to address core supply issues.

via Daily Kos|

#bankruptcy #beef-prices #business

economy17 days ago•0 min saved

Texas BBQ joints cut brisket and ribs as beef costs surge 40%

Rising beef costs are forcing Texas barbecue restaurants to remove staple items like brisket and ribs from their menus. Owners report a 40% price increase over two years, citing prohibitive costs and high diesel prices. Some businesses prefer removing items over raising prices, while customers urge support for local establishments.

via KCRG|

#beef-prices #economy #inflation

business1 month ago•2 min saved

Labor Day Wallet Shock: Gas and Beef Prices Push Holiday Costs Up

Labor Day travel costs are rising as gas prices hit a record, with August's national average at $4.07 per gallon and diesel climbing, while airfare is about 20% higher than last year. Beef prices stay elevated (ground beef around $6.89 per pound in July), and TSA anticipates about 17 million travelers for the weekend, signaling a costly holiday that could influence consumer sentiment and midterm politics.

via Axios|

#beef-prices #business #gas-prices

business1 month ago•6 min saved

Border reopening for Mexican cattle unlikely to quickly ease U.S. beef prices

The U.S. has restarted a border crossing for Mexican cattle to help ease record-high beef prices, but economists say the impact will likely be small and slow due to a shrinking U.S. herd, ongoing supply constraints, and a phased reopening with strict health checks.

via WESH|

#beef-prices #border-reopening #business

business1 month ago•129 min saved

Border reopening won’t quickly lower US beef prices, economists say

Economists say reopening the US border to Mexican cattle is unlikely to immediately reduce high beef prices. The US cattle herd remains small after years of drought and low prices, and rebuilding herds will take years even with a phased border reopening and strict animal-health checks. Processing plants are operating below capacity, further constraining supply as officials contemplate a measured restoration of cattle imports from Mexico.

via AP News|

#agriculture #beef-prices #business

business1 month ago•1 min saved

Trump's Ground Beef Import Plan Sparks Iowan Farm Sector Pushback

President Trump announced a 90‑day plan to import 300,000 metric tons of ground beef with lower tariffs to ease rising prices, claiming it could lower costs for families. The Iowa Cattlemen's Association is disappointed, arguing the move undercuts domestic producers amid a 75-year low in U.S. beef supply and high input costs. Officials say any relief for consumers could be temporary, noting it will take years to rebuild the herd even if prices dip in the short term.

via KCCI|

#beef-prices #beef-supply #business

business1 month ago•4 min saved

Tyson plant closures unlikely to move beef prices in the near term

Tyson Foods is closing two facilities (Illinois and Utah) and selling a Washington plant, with hundreds of layoffs, amid a 75-year low in cattle supplies. Economists say these closures won’t meaningfully lower beef prices soon because the U.S. has excess processing capacity and beef demand remains strong; the broader price trend is driven more by demand and inventory levels than Tyson’s actions. In the longer run, closures could influence producer decisions and industry capacity, but immediate meat prices are unlikely to be affected.

via The Guardian|

#beef-prices #business #cattle-shortage

politics1 month ago•8 min saved

Trump’s Beef-Price Gambit Splits GOP and Ranchers Ahead of the Midterms

Trump plans to suspend duties on 300,000 metric tons of imported beef for 90 days to lower prices before the midterms, but ranchers and several GOP lawmakers warn the measure won’t quickly reduce prices and could hurt domestic cattle producers, making it a risky political gamble.

via Politico|

#beef-imports #beef-prices #cattle-industry

politics1 month ago•126 min saved

Trump targets lower beef prices with lean-beef import plan and executive order

The White House plans to sign an executive order within two weeks to boost the U.S. beef supply by importing lean beef trimmings for ground beef, with about 300,000 metric tons — roughly 3% of annual consumption — expected from Argentina and other suppliers; supporters say it could ease prices, but economists warn the impact may be modest and could fail to curb cattle-inventory declines due to higher imports.

via AP News|

#argentina-beef #beef-prices #executive-order

economy1 month ago•15 min saved

Beef Inflation Tests Wallets as Shoppers Tighten Belts

Beef prices in the US remain elevated near historic highs, helping push overall food-inflation and prompting shoppers to buy less beef or switch to cheaper proteins like chicken. A Circana survey shows beef volumes down about 0.3% in the 13 weeks through mid-July, even as national ground-beef prices hovered around $7 per pound and individual stores reported prices near $8 in some places. While imports from Mexico and Argentina and plant closures by Tyson hint at some relief, industry observers say the downturn in demand is gradual and relief will not be immediate, with many households still feeling stretched.

via Yahoo Finance|

#beef-market #beef-prices #circana

business2 months ago•2 min saved

Beef price surge squeezes Tyson Foods amid cattle shortage

Beef prices are rising due to a persistent cattle shortage, even as demand remains mixed, squeezing Tyson Foods’ profits. Tyson cut its profit outlook after reporting a $707 million beef-division loss over the last nine months, with beef volumes down 15.9% and prices charged up 12.1% in the latest quarter. The U.S. cattle herd remains near all-time lows, though it’s starting to edge higher, and a potential reopening of Mexican cattle imports could help later, but won’t immediately close the gap in beef losses.

via Axios|

#beef-prices #business #cattle-shortage

economy2 months ago•10 min saved

Shoppers Rethink Groceries as Prices Hit 50-Year High

A half-century high in grocery prices is forcing Americans to rework shopping and meals: people coupon, compare stores, switch brands, and cut back on meat and nonessential items as at-home food costs rise about 33% since 2019; ground beef costs have surged roughly 79% since 2019 with a pound around $6.82 in June; factors include pandemic-related supply chains, droughts, bird flu, tariffs, and energy costs, plus geopolitical turmoil; experiences vary by city and income, with many households turning to discounts, food banks, or SNAP for relief, while wages have risen only modestly relative to prices.

via ABC News - Breaking News, Latest News and Videos|

#beef-prices #consumer-behavior #economy

health3 months ago•187 min saved

Screwworm comeback: a dinner-safe scare, but beef prices could rise

The New World screwworm has reappeared in the United States and targets living tissue in livestock, but public health officials say it does not threaten food safety—meat is still considered safe thanks to veterinary care and strict inspection; the bigger impact is economic, with potential billions in damage to the southwestern US and potential higher beef prices, since infestations affect livestock health and supply rather than the safety or quality of meat already in the food chain.

via CNN|

#beef-prices #food-safety #health

business3 months ago•3 min saved

Beef prices stay high, but demand holds strong for premium steaks

Beef prices remain near record highs due to the smallest U.S. cattle herd in decades, with ground beef up about 13% and steak up 16% from a year ago; yet demand is resilient, highlighted by roughly $352 million higher Fourth of July beef sales and a shift toward premium, quality-labeled cuts. NielsenIQ notes consumers view steak as an affordable luxury and seek quality and sourcing claims, while retailers and restaurants report sustained demand for premium beef. Rebuilding the herd could take years, limiting near-term price relief.

via CNBC|

#beef-prices #business #cattle-herd

business3 months ago•23 min saved

Beef giant JBS USA shutters two plants, cutting 2,000 jobs amid rising prices

JBS USA is closing its Philadelphia and Memphis beef plants, eliminating about 2,000 jobs and absorbing the facilities into other operations as part of a broader efficiency and modernization push. The move comes amid rising beef prices and a consolidation strategy, with JBS continuing to account for a large share of U.S. cattle slaughter. Pilgrim’s Pride is also shifting some chicken production to Ellijay, Georgia, investing $75 million and affecting 348 jobs. The closures’ impact on beef supply and pricing remains to be seen, as the company emphasizes long‑term growth and competitiveness in the U.S.

via New York Post|

#beef #beef-prices #business