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US beef prices remain near record highs as cattle herd sits at smallest in decades

(Jul 02, 2026)

Ground beef up 13% Y/Y & steak up 16%. Consumers still buying beef despite higher prices, July 4th sales up ~$352 mil Y/Y.

Americans are paying record prices for steak. Here's why demand isn't cracking

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.
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