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.

you are viewing a single comment's thread
view the rest of the comments
[–] 55 points 1 year ago (9 children)

*American Beef Prices.

The rest of the world is doing fine.

  • source
  • hideshow 9 child comments
  • [–] 9 points 1 year ago

    Hmm idk about that. Where I'm from, 500g of minced beef is over 7 euros, and everyone I know has basically stopped buying beef, bc it's not worth it anymore. And we are historically a big consumer of beef. Tbh less beef consumption is probably a good thing, in the grand scheme of things, but that doesn't stop people complaining about it ofc.

  • source
  • parent
  • [–] 24 points 1 year ago (6 children)

    If by fine you mean "destroying the Amazon to keep eating steaks" then yes, you're correct

  • source
  • parent
  • hideshow 6 child comments
  • [–] 2 points 1 year ago (5 children)

    Not everywhere imports beef from the Amazon.

  • source
  • parent
  • hideshow 5 child comments
  • [–] 2 points 1 year ago (3 children)

    Wherever you live almost certainly does

  • source
  • parent
  • hideshow 3 child comments
  • [–] -2 points 1 year ago (2 children)
  • [–] 4 points 1 year ago

    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.

  • source
  • parent