Beef prices are on the rise, hitting $9.26 per pound as of June. 🥩

Beef Market Trends - Beef prices have increased over 8% this year, reaching $926 per pound [1] - The industry is facing a cattle shortage due to a drought two to three years ago, impacting profitability [1] - It will take two to three years to resolve the cattle shortage problem [1] Import/Export Dynamics - The industry has shifted from being net neutral in beef exporting/importing [2] - Currently, 8% of the beef supply is imported, which is considered a new and abnormal situation [2] Consumer Impact - The industry is uncertain about the impact of these changes on consumers [2]