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Beef Prices Hit Record Highs As Herd Shrinks To 70-Year Low With No Relief In Sight Beef Prices Hit Record Highs As Herd Shrinks To 70-Year Low With No Relief In Sight
Beef Prices Hit Record Highs As Herd Shrinks To 70-Year Low With No Relief In Sight If steak night feels like a splurge and ground beef is denting the budget, you’re not imagining it. Beef prices are climbing to record highs with little sign of easing. According to USDA outlooks released Friday, Sept. 5, the spike is being driven by a deep supply crunch colliding with steady consumer demand.  The US cattle herd is now the smallest since 1951, the result of years of herd liquidation during drought and high feed costs, and rebuilding will take time. Demand, meanwhile, hasn’t cracked. Americans continue to buy beef for its taste and versatility, which keeps pressure on …

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by Joe Lombardi
Weather
Natural Disaster Americans Fear Most Revealed In New Survey As Weather Anxiety Grows Natural Disaster Americans Fear Most Revealed In New Survey As Weather Anxiety Grows
Natural Disaster Americans Fear Most Revealed In New Survey As Weather Anxiety Grows Americans may live with hurricanes on the coasts, blizzards in the North, and wildfires in the West.  But one natural disaster still rises above the rest as the nation’s most feared, a new survey finds. The poll of 2,500 adults, conducted by Talker Research on behalf of Master Lock, found that fears shift depending on the region, but a single threat came out on top nationwide.  The threat of a tornado (46 percent) is more terrifying than a tsunami (43 percent), earthquake (35 percent) or hurricane (33 percent), the survey said. Nearly half of respondents said this disaster scare…

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by Joe Lombardi
Business
Beef Prices Keep Climbing To New Record Highs: Here's What's Fueling Soaring Costs Beef Prices Keep Climbing To New Record Highs: Here's What's Fueling Soaring Costs
Beef Prices Keep Climbing To New Record Highs: Here's What's Fueling Soaring Costs You may want to savor that next steak. It’s not getting cheaper anytime soon. Beef prices have hit an all-time high in the US, driven by a mix of short supply, steady demand, and mounting costs across the cattle industry. According to the American Farm Bureau and industry economists, the national cattle inventory is now the smallest it’s been since 1951. Many ranchers reduced herd sizes — or left the business entirely — after years of drought, inflation, and rising interest rates made farming unsustainable. Add in strong consumer demand and the result is tight supply pushing prices ever h…

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by Joe Lombardi
Business
Beef Prices Soar To All-Time Highs During Summer Cookout Season: Here's Why Beef Prices Soar To All-Time Highs During Summer Cookout Season: Here's Why
Beef Prices Soar To All-Time Highs During Summer Cookout Season: Here's Why Hot weather isn't the only thing hitting summer cookouts – beef prices are also on the rise. The average price of a pound of ground beef hit a record high of $6.10 in June, according to the Bureau of Labor Statistics. That's 13.7% higher than the average in June 2024. Uncooked steak climbed 8% to $11.49 per pound, according to the Associated Press. The surging beef costs come as the US cattle herd has fallen to its smallest size since 1951, with the US Department of Agriculture reporting just 86.7 million cattle and calves nationwide as of Wednesday, Jan. 1. David Anderson, a liv…

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by Chris Spiker
Business
Ground Beef Prices Surge To Record High Before Fourth Of July Cookouts: Here's Why Ground Beef Prices Surge To Record High Before Fourth Of July Cookouts: Here's Why
Ground Beef Prices Surge To Record High Before Fourth Of July Cookouts: Here's Why If you plan on enjoying a burger on the Fourth of July, it may be more expensive than ever. The retail price of a pound of ground beef hit a record high of $5.98 in May, according to the Bureau of Labor Statistics. That's up by 18 cents from April and a 16.2% increase from the May 2024 average of $5.15. An American Farm Bureau Federation (AFBF) survey puts the retail price even higher, now averaging $6.67 a pound. Feeding 10 people a standard Independence Day cookout – including burgers, chicken, beans, and potato salad – costs about $70.92, or $7.09 a person. While the …

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by Chris Spiker
Weather
La Niña Is Now Here: What It Means For Winter Weather Patterns La Niña Is Now Here: What It Means For Winter Weather Patterns
La Niña Is Now Here: What It Means For Winter Weather Patterns She’s back!  La Niña has arrived, and its global ripple effects are already taking shape.  Cooler-than-average sea surface temperatures in the tropical Pacific, combined with stronger trade winds, are influencing weather patterns worldwide.  The National Oceanic and Atmospheric Administration (NOAA) confirmed this shift on Thursday, Jan. 9. What Is La Niña? La Niña is part of the El Niño-Southern Oscillation (ENSO), a natural climate phenomenon that disrupts atmospheric circulation.  During La Niña, cooler Pacific waters can lead to significant changes in rainfall, s…

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by Joe Lombardi