#beef-prices

#beef-prices

Beef prices are going up. Per recent reporting from Fox Business, industry leaders anticipate a top cost of $10 per pound by 2026. Yet, people's craving and appreciation for steak isn't going anywhere. Rather than heading out to a steakhouse (where business is, admittedly, also booming), many consumers are looking to their local grocery stores for steaks to prepare at home.

We would buy some beef from Argentina,

Trader Joe's is in growth mode, adding 30 new locations that will push it past 600 stores nationally. The expansion-spanning California, Texas, New York, Oklahoma, and more-is a striking contrast to the wave of retail closures hitting other chains.

Beef prices are hitting new record highs with the average price per pound jumping 9% to $9.26 since January and 12.4% over the past year.

The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago. The average price of all uncooked beef steaks rose to $11.49 per pound, an 8% increase.