It’s the Ranch It Up Radio Show Herd It Here Weekly Report! A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads. Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC' by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
EPISODE 108 DETAILS
Meat Company CEO Warns of $10 Dollar Ground BeefHow high can the price of beef go? Some speculate 10 ground beef is not out of the question. Omaha Steaks President and CEO Nate Rempe cautioned the nation's shrinking cattle supply and record demand are driving a $10 dollar a pound reality that could stretch family budgets for years. He said "We are headed for what I'm calling … the $10-a-pound reality. By [the] third quarter of '26, families are gonna see $10 a pound [for] ground beef in the grocery store. So we're in for a bit of a haul here," he continued. "I don't believe we'll see price[s] come down in any meaningful way until sometime in 2027." Beef prices are at a record high after a drought left cattle inventory at the lowest level in 70 years. According to the latest consumer price index data from the U.S. Bureau of Labor Statistics, beef and veal prices rose 14.7% year-over-year in September, while uncooked ground beef was up 12.9%.
Secretary of Agriculture Brook Rollins suggested former President Joe Biden’s “literal war on cattle” is responsible for soaring beef prices. During an interview on Fox Business Monday morning, Rollins said there were some “important factors” that have contributed to the average price of ground beef rising by 14% per pound since January. Rollins said the first is this, we are suffering from the last administration's literal war on cattle. They wanted to reduce the herd sizes because they believe that cattle caused climate change.
REFERENCES:
https://www.fox4news.com/news/beef-prices-could-hit-10-pound-soon-omaha-steaks-ceo-warns
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Rural America is center-stage on this outfit.AND how is that? Because of Tigger & BEC... Live This Western Lifestyle.
Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner.
Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com
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