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.
*American Beef Prices.
The rest of the world is doing fine.
If by fine you mean “destroying the Amazon to keep eating steaks” then yes, you’re correct
Not everywhere imports beef from the Amazon.
But they do make the most beef in the world after the US.
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Wherever you live almost certainly does
Here in Denmark meat has become a lot more expensive the past couple of years.
500g used to be a standard package almost everywhere, but now 500g is reduced to 400g, and despite being 20% smaller, it is more expensive!
But at least prices have stabilized here, while the opposite seems to be the case in USA.