Americans Can’t Get Enough of Beef, Despite Soaring Prices

Americans are firing up the grill for burgers and steaks despite record-low herd sizes and record-high prices for beef. Steak prices averaged $12.80 per pound in May, and ground beef averaged a price of $6.75. “We are seeing customer demand for steaks remain quite high, with a shift towards more premium and organic options,” a Kroger spokesperson said (more).