Big Number
$13.06. That’s how much Americans are paying per pound for ground beef, up from $11.88 last July and $10.86 in July 2024, according to the U.S. Bureau of Labor Statistics.
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Key Background
The Trump administration in May delayed a planned suspension of beef imports, amid concerns from some Republicans and ranchers who say that allowing more imports could hurt the already struggling industry. Ranchers reduced their herds during the pandemic as livestock prices plummeted, maintenance costs soared and drought dried up grasslands.
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Tangent
Among Trump’s other moves to lower beef prices, he signed an executive order earlier this year increasing some Argentine beef import quotas, angering some cattle ranchers and Republicans with rancher constituencies. The move raised the tariff-rate quota on Argentine beef by 80,000 metric tons. It applies only to lean beef trimmings, which are used to make ground beef.
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