Consumers may face higher beef prices from businesses

The high prices of American beef weighing American companies and consumers.

They forced some companies to make difficult decisions on how to deal with the increasing costs, some of which transfer the costs to customers.

Rob Puso, the owner of the Lombardi’s Prime Meats in Philadelphia, told the Fox Business Jeff Flock on “Varney & Co” that “there is only much that you can absorb as much as the strike to the final result before you tell yourself to raise these prices.”

Passio said that the Al -Jazzar store did not see its customers at higher prices “because they see it.”

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Organic beef, October 30, 2020, in Bavaria, Nuremberg (Daniel Karmann / Picure Allance via Getty Images / Getty Images)

“They see inflation. They see pricing. You know, everything is over.”

Inflation data in the work statistics office measured by the Consumer Prices Index (CPI) showed that the prices of cow meat and load have increased by 2.4 % per month and 7.6 % year on an annual basis in February.

The total consumer price index increased by 0.2 % per month and 2.8 % jump on an annual basis.

Courtney Schmidt, director of the sector at the Wales Vargo Agry-Fodness, told Fox Business last month that high beef prices were driven by the production of beef in the United States more than that with a continuous continuous request.

The American livestock herd faces a bottom cycle, with livestock stocks at low levels historically in 2025, according to Shamidt.

The demand for beef has been strong since the epidemic, according to the US Farm Office. (Kennedy Hayes / Fox News / Fox News)

In late January, the US Department of Agriculture (US Department of Agriculture) stated that American farms have 86.7 million heads of livestock and calves. The number of cows was specifically 27.9 million, a decrease of 1 % compared to the same time last year, according to the US Department of Agriculture.

“I know they are killing smaller cattle, so they are trying to kill them faster to create the offer that the request needs,” Passo said.

Some major companies are the source of cow meat from Canada and Mexico, Flock mentioned on “Varney & Co.”

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president Donald Trump imposed a 25 % import tariff on goods that enter the United States from these two countries on March 4, and recently, he made exemptions to Mexico and Canada on goods under the United States, Mexico and Cananga agreement until early April.

Such a tax on imported beef “will increase the price”, according to Passio, adding that consumers “will pay for it.”

“My philosophy is to sell it as much as possible to show the customer’s savings and value. We hope you have more customers to generate your revenues,” said meat meat.

Cow meat packages are offered for sale in a supermarket on January 12, 2023, in Foster City, California. (Liu Guanguan/China News Service/VCG via Getty Images/Getty Images)

In the United States, the average crushed cows reached $ 5.63 per pound in February, while the price per pound of the Great Grandine Step amounted to $ 11.90, according to data from the Federal Reserve in St. Louis. The average price was 9.6 % and 1.6 %, respectively, from the same month in 2024.

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The US Department of Agriculture expects in a report issued this month that the production of American beef is preparing for 26.685 billion pounds this year.

Daniela Jenovies contributed to this report.