Beef Prices Climb as Cattle Shortage Hits Holiday Shoppers

Washington, D.C. (KFMO) - Beef lovers could see higher prices at the grocery store this holiday season as a nationwide cattle shortage continues to push costs up.

Federal data show consumers may pay nearly 15 percent more for beef than they did a year ago. Government figures list the average direct-to-consumer price of ground beef patties at just over $12 a pound this summer, with other ground beef ranging from about $7 to $20 a pound, depending on fat content.

Missouri cattle producers say ranchers are not seeing major profits from those prices. They point to rising fuel, machinery, and labor costs, along with a shrinking cattle herd that is difficult to rebuild since cattle require year-round care. Industry experts say the limited number of cattle on the market is the main reason for higher prices, and costs are unlikely to ease until herds grow again.

Until then, consumers can expect to keep paying more for beef, especially during high-demand times like the holidays.