Jul 23, 2025 - News
The price of beef has hit record highs nationwide and is up in Cleveland
Add Axios as your preferred source to
see more of our stories on Google.
Beef prices are at record highs, and could stay that way into 2026 and beyond.
By the numbers: Ground beef averaged $6.12 a pound in June, up nearly 12% from a year ago, according to new federal data released Tuesday.
- Steak prices jumped 8% year-over-year, per the latest Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics.
Zoom in: We visited Walmart, Cleveland's most popular grocery store, where prices for ground beef ranged from $4.94 per pound to nearly $9.50, depending on how lean you want it.
- Regular prices at Giant Eagle started at $5.99 per pound, but a sale pushed yesterday's lowest price to $3.99.
What they're saying: These prices "are just the tip of the iceberg," Patrick Montgomery, CEO and cofounder of Missouri-based KC Cattle Company, told Axios.