Beef prices are soaring across the country and it is unlikely it will drop anytime soon.

Since of the start of the year, the price of beef increased over eight percent and is currently selling for $9.26 per pound, according to the U.S. Department of Agriculture (USDA).

The U.S. Bureau of Labor Statistics shows that the average price of ground beef, a staple in American households, increased to $6.10 last month. In June 2024, the average price was $5.36.

Tariffs imposed by President Trump on a variety of countries have not had a huge impact on prices of beef yet. The U.S. imported over 4.1 billion pounds of beef last year, according to USDA data.

The countries that export a significant amount of meat, such as New Zealand and Australia, are facing a 10 percent tariff, while others, like Brazil, which has exported 216,119 metric tons of meat this year, might be staring at a 50 percent tariff.

Still, multiple other factors

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