Beef

An award-winning barbecue restaurant near Austin, Texas, is closing, with the high cost of beef cited as a contributing factor. The closure highlights financial challenges related to beef pricing impacting the business.

Brotherton's Black Iron Barbecue, a popular Pflugerville restaurant, will close on August 30 after nearly nine years in business due to economic challenges and rising beef costs. The USDA forecasts indicate cattle prices will remain high while beef production declines.

Argentina’s real minimum wage has fallen approximately 40% since Javier Milei took office in December 2023, reaching a historic low with purchasing power worse than during the 2001 crisis and 66.5% below its September 2011 peak. A kilo of bread now costs 2.5 hours of work.

Prices for fresh or frozen chicken thighs rose 8.2% from May to June, outpacing typical inflation drivers like beef and coffee. The increase is part of broader grocery price trends highlighted in inflation data.

Brazil's coffee, beef, iron ore, aircraft parts, and pharmaceutical inputs are excluded from the US 25% tariff on manufactured goods, protecting key export sectors. However, footwear, textiles, seafood, sugar, ethanol, and pig iron remain subject to the tariff, posing risks to industrial exporters reliant on US demand.

The US will impose a 25% tariff on 4,200 Brazilian products, excluding petroleum, beef, and coffee, starting July 22. Brazil has invoked its Economic Reciprocity Law, potentially allowing it to suspend US intellectual property rights and trade concessions in response.

The US will impose 25% tariffs on certain Brazilian goods, including coffee and beef, after an investigation found Brazil's trade practices to be unreasonable and discriminatory. The Office of the US Trade Representative stated these practices harm American farmers, workers, and exporters.

Beef prices are rising due to drought, low herd sizes, and concerns about the new world screwworm in the United States. Texas business owners express concern that price increases could drive away customers.

Grain futures were mostly higher on the Chicago Board of Trade, with wheat, oats, and soybeans rising, while corn dipped slightly. Livestock markets on the Chicago Mercantile Exchange showed mixed results, with beef prices falling and pork prices rising.

Brazil filled its tariff-free beef quota to China, leading to a 67% duty on shipments. This has caused meatpacking plants to idle and workers to be sent home.

Grain and livestock futures showed mixed results in early trading on major exchanges. Corn and soybeans rose, while wheat and oats declined. Beef prices increased, but pork prices remained unchanged.

Brazil’s chicken exports reached a first-half record of $5.7 billion, a 17% increase from the previous year, with shipments totaling 2.94 million tonnes, up nearly 13%. The data was released by the animal-protein association ABPA in early July.

Trump attempts to take credit for Walmart's price reductions on beef and other products. A Walmart store in Chicago is mentioned in the article.

Fourth of July cookout costs have risen 4% this year, averaging $75 per family, driven primarily by higher beef prices. Shoppers report switching to poultry, fish, and budgeting strategies like coupons to manage expenses. Kroger stores in Bellevue, Tennessee, experienced early morning lines due to high demand.

Grain futures on the Chicago Board of Trade declined, with July corn, wheat, oats, and soybeans all posting price drops. Livestock markets on the Chicago Mercantile Exchange showed mixed results, with beef and feeder cattle prices lower while pork prices rose.

Hawaii beef prices are rising and local supply is shrinking due to drought, shrinking cattle herds, and nationwide supply challenges, according to industry leaders.

GLP-1 weight-loss drugs are reducing U.S. consumption of carbon-intensive foods like red meat and sugary drinks, leading to significant declines in food-system emissions. Clinical data shows users cut calorie intake by 21% and grocery spending by 5–6%, with Wall Street projecting billions in lost food sales by 2030. The shift aligns with federal dietary guidelines and could surpass climate policy in reducing emissions.

The world’s largest meat supplier is closing two US plant locations, which experts warn will negatively impact beef lovers.

Grain futures were mostly higher on the Chicago Board of Trade, with wheat and oats rising, while soybeans remained unchanged. Livestock markets showed mixed results on the Chicago Mercantile Exchange, with hogs gaining but cattle prices falling.

Grain futures on the Chicago Board of Trade were mostly lower in early trading, with corn, wheat, and soybeans declining, while oats rose. Livestock markets on the Chicago Mercantile Exchange showed mixed results, with live cattle unchanged, feeder cattle and hogs lower.

Texas BBQ restaurants are losing money on brisket due to the high cost of beef. They are attempting to steer customers toward other menu options.

Grain futures on the Chicago Board of Trade were mostly higher, with corn, wheat, and oats gaining, while soybeans declined. Livestock markets on the Chicago Mercantile Exchange showed mixed results, with beef prices rising and pork prices falling.

A report reveals billions of dollars linked to illegal deforestation are flowing through global supply chains, with secret land ownership and company records enabling timber, soy, and beef products to enter international markets unchecked in Brazil and Cameroon.

China's 15th Five-Year Plan prioritizes food security and self-sufficiency, risking $50bn to $60bn in Brazilian farm exports annually. Analysts warn of a potential 25% decline in Chinese soy imports, directly impacting Brazil's soy and beef exports.

The EU has formally banned Brazilian meat products, including beef, poultry, fish, and honey, effective September 3, 2026, due to antimicrobial-use rules. The ban affects exports worth approximately $1.8 billion annually unless Brazil demonstrates compliance.

World food commodity prices remained broadly stable in May as declines in vegetable oil prices offset increases in cereals, sugar, and beef. The Food and Agriculture Organization of the United Nations (FAO) reported this balance in its latest data.

The U.S. remains a top beef producer but faces record-high ground beef prices due to declining cattle populations, drought-related challenges, and rising feed costs. Despite steady demand, factors like heatwaves, reduced grazing land, and Trump-era tariffs on fertilizer have exacerbated supply constraints, with cattle numbers unlikely to recover until 2028.

Grain futures on the Chicago Board of Trade were mostly higher in early trading, with soybeans and oats showing gains while corn declined slightly. Livestock markets on the Chicago Mercantile Exchange were mixed, with live cattle and feeder cattle prices rising and hogs falling.

A flesh-eating screwworm has reappeared in the U.S. after over 50 years, detected in southwest Texas and affecting a calf. The Department of Agriculture is taking immediate action to contain the parasite, which could increase beef costs if left unchecked.

Eight individuals were indicted in New York for their involvement in a retail theft ring that stole approximately $5 million worth of goods, including cheese, beef, copper wiring, and cigarettes, from logistics sites in Pennsylvania, Virginia, and New Jersey. The stolen items were allegedly resold in New York, according to officials.

Eight individuals have been charged in a retail theft ring involving stolen goods such as beef and copper. The case was reported by Darla Miles from Lower Manhattan.

One in four UK takeaways use incorrect ingredients in their dishes, such as 'lamb' curries made with beef and chicken used as 'pepperoni'. The issue highlights mislabeling and substitution of meat in takeaway meals.

China recognized Brazil as free of foot-and-mouth disease, granting the country wider access to China's beef market. However, a new quota system will limit price potential for Brazilian exporters.

A new clinical trial found that adults eating 6-7 ounces of beef daily for one month showed no worsening in blood sugar control, insulin function, or inflammation markers compared to those eating poultry. The study suggests that beef consumption may not increase type 2 diabetes risk in people with prediabetes as commonly assumed.

BBQ prices are expected to rise this summer due to tight cattle supply caused by recent droughts. Despite supply constraints, consumer demand for beef remains at record levels, driving higher prices for grilled meats.

Shake Shack lost money for the first time in years due to cost inflation and challenging consumer sentiment, with shares dropping nearly 30%. The burger chain is struggling with high costs, particularly with expensive beef. This loss marks a significant change for the company.

UK food prices are expected to rise by 50% since the start of the cost of living crisis in 2021, driven by climate and energy shocks. Beef and olive oil costs have increased the most. The pace of food price growth has almost quadrupled in five years.

Supermarket prices for beef, milk, and sweets are rising fastest, with experts warning food inflation could reach 10% this year due to the Iran war. The surge in costs highlights growing economic pressures linked to geopolitical tensions.

Conflict in the Middle East is driving up energy prices, increasing costs for beef and propane used in backyard grills. Rising fuel and energy expenses, coupled with a shrinking U.S. cattle herd, are pushing beef prices to near-record highs, complicating summer barbecue plans.

Middle East conflict is driving up energy prices, increasing costs for beef and propane used in backyard grills. Tight cattle supply due to drought, aging workforce, and slow production cycles is exacerbating beef price hikes, with prices rising 16% in a year.