US beef prices soar as steak and ground beef hit record highs in 2024
Beef prices in the US have surged over the past year, with steep increases across popular cuts. Steak, ground beef, and uncooked roasts all saw double-digit rises in September. Meanwhile, the government has announced tariff rollbacks on certain imported beef products not produced domestically.
Official figures show sharp price hikes for beef in September. Steak prices climbed by over 16% compared to the same month last year. Ground beef rose by nearly 13%, while uncooked roasts saw the biggest jump at 18.4%.
The tariff adjustments arrive as consumers face significantly higher beef costs. Prices for steak, roasts, and ground beef have all risen sharply since last year. The changes may affect both imported and certain domestic beef products moving forward.
