---
title: "Ground beef prices hit record high as supply tightens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293137830.md"
description: "U.S. ground beef prices hit a record high of $6.90 per pound, with steaks averaging $13.02, driven by a 75-year-low cattle herd, high feed costs, Mexican import bans, and labor shortages. While Costco tenderloin rose 37.5%, other cuts like New York strips saw price declines."
datetime: "2026-07-19T23:49:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293137830.md)
  - [en](https://longbridge.com/en/news/293137830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293137830.md)
generator: "portal-rs"
---

# Ground beef prices hit record high as supply tightens

Historic beef prices: Ground beef hit $6.90 per pound, the highest on record, while steaks average $13.02 per pound, both sharply up since 2020. Costco price patterns: Tenderloin at Costco rose 37.5%, but many cuts held steady or fell, such as whole New York strip down $3. Supply crunch factors: A 75-year-low cattle herd, high feed costs, import bans from Mexico, and labor shortages are tightening U.S. beef supply.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**