According to GROK, it is mainly supply and demand.

Prices have continued rising sharply into 2025–2026 due to a historically low U.S. cattle herd (drought, liquidation, slow rebuilding), strong demand, and tight supplies. USDA forecasts further beef/veal price increases of ~7.5% for 2026.

Last edited by Young20; 07/02/26 03:37 PM.