"Yeah, you're really going to be treating yourself at the grocery stores, too. Take a look at this for ground beef. Prices are up about 14% year over year, or I should say 13%. I believe ground, 14%; steaks, 17%. The reason why is that cattle inventory in the U.S. is at its lowest numbers in 70 years. I have Mike Martz here with me, who's invited us to his farm here in Maple Park, Illinois, with 3,000 cattle, right?"
"It's important because some of the price drop we've seen on the grain side came from the tariffs, and we're seeing input costs higher because it came from the tariffs. And here at Larson Farms, we've got our cattle operation, we got our crop operation. Cattle are making money; the crops are going to lose money. So hopefully we can average that together, but we need some support, Martz replied."
Ground beef prices have risen roughly 13–14% year over year, while steaks are up about 17%, driven by a historic decline in U.S. cattle inventory. Severe drought in regions including Texas, Oklahoma, Kansas, and the Southeast forced widespread liquidation of cows and loss of forage, producing the lowest cow inventory since 1951. Tariffs have influenced grain price drops and raised input costs, creating mixed results for integrated farms where cattle generate profit but crops incur losses. Farmers seek support and mention possible increased beef demand linked to drugs like Ozempic and shifting dietary preferences.
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