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Live cattle prices hit record highs, pushing beef costs up for summer shoppers.

Market News
15 Apr 2026
CNBC
View Source
Bearish
pluang ai news

Live cattle futures reached an all-time high of $2.51 per pound, driven by rising ranching costs and reduced herd sizes. The U.S. cattle herd is now the smallest since the 1950s, causing beef production to drop and retail prices for ground beef to rise about 12% year-over-year. Despite higher prices, consumer demand remains steady, but restaurants like McDonald's and Chipotle may face slower sales growth due to beef inflation. Additional cost pressures on farmers and rising prices for other groceries like tomatoes add to the challenges for consumers this summer.

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