g5000
Diamond Member
- Nov 26, 2011
- 138,680
- 90,401
- 2,605
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Like the ad used to say, "What's for dinner?"
Not beef.
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The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data. The average price of all uncooked beef steaks rose 8% to $11.49 per pound.
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[snip]
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President Donald Trump's tariffs have yet to have a major impact on beef prices but they could be another factor that drives prices higher because the U.S. imports more than 4 million pounds of beef every year.
Much of what is imported is lean beef trimmings that meatpackers mix with fattier beef produced in the U.S. to produce the varieties of ground beef that domestic consumers want. Much of that lean beef comes from Australia and New Zealand that have only seen a 10% tariff, but some of it comes from Brazil where Trump has threatened tariffs as high as 50%.
If the tariffs remain in place long-term, meat processors will have to pay higher prices on imported lean beef. It wouldn't be easy for U.S. producers to replace because the country's system is geared toward producing fattier beef known for marbled steaks.
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Trump was relentless toward Biden about grocery prices.
Fox "News" was on board with this propaganda: Prices of eggs, milk, steak up since Biden took office
Trump's supporters didn't want to hear anything about the bird flu. They put egg prices all on Biden.
So no excuses for Trump and the price of steak, mm-kay?
Karma is a *****.
Like the ad used to say, "What's for dinner?"
Not beef.
.
Beef prices have soared in the US — and not just during grilling season
The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data. The average price of all uncooked beef steaks rose 8% to $11.49 per pound.
.
[snip]
.
President Donald Trump's tariffs have yet to have a major impact on beef prices but they could be another factor that drives prices higher because the U.S. imports more than 4 million pounds of beef every year.
Much of what is imported is lean beef trimmings that meatpackers mix with fattier beef produced in the U.S. to produce the varieties of ground beef that domestic consumers want. Much of that lean beef comes from Australia and New Zealand that have only seen a 10% tariff, but some of it comes from Brazil where Trump has threatened tariffs as high as 50%.
If the tariffs remain in place long-term, meat processors will have to pay higher prices on imported lean beef. It wouldn't be easy for U.S. producers to replace because the country's system is geared toward producing fattier beef known for marbled steaks.
Prices will likely stay high
.
Trump was relentless toward Biden about grocery prices.
Fox "News" was on board with this propaganda: Prices of eggs, milk, steak up since Biden took office
Trump's supporters didn't want to hear anything about the bird flu. They put egg prices all on Biden.
So no excuses for Trump and the price of steak, mm-kay?
Karma is a *****.
