Latest news with #beefprices
CNN
2 days ago
- CNN
High beef prices, pilot's ‘aggressive maneuver,' kiss cam warning: Catch up on the day's stories
5 Things Agriculture FacebookTweetLink 👋 Welcome to 5 Things PM! With temperatures soaring in many parts of the country, it's hard to believe that fall is just around the corner. And that means Pumpkin Spice Lattes will be back on Starbucks' menus soon. The coffee chain just revealed the date for the popular drink's 2025 arrival — and it's sooner than you might guess. Here's what else you might have missed during your busy day. Your burger is approaching filet mignon prices. A pound of beef now costs over $9 on average, according to the Department of Agriculture, and it could be some time before those prices come down. Authorities are investigating an incident involving a pilot flying a Delta Air Lines regional jet, who made a hard turn to avoid colliding with a US Air Force B-52 bomber, according to audio taken on the plane. The flight landed safely in Minot, North Dakota. A video posted on TikTok showed what the pilot said to passengers at the time, and their response. Coldplay frontman Chris Martin made sure to give concertgoers plenty of notice that they may appear on video screens at the band's show Saturday night. His warning came after last week's 'Jumbotron Song' created a viral moment — and fallout — for the man and woman captured on camera. Eight healthy babies were born in Britain with the help of an experimental technique that uses DNA from three people to help mothers avoid passing devastating rare diseases to their children. Here's how it worked. Spain has had a complicated relationship with tourists who flock there to enjoy its breathtaking scenery, unique architecture and distinctive cuisine — particularly in Barcelona where anti-tourist protests broke out last year. Now, the city is making moves to limit the number of visitors who enter its ports. GET '5 THINGS' IN YOUR INBOX If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. ⛈️ Close call: A doorbell camera captured the moment a lightning bolt struck as a delivery man attempted to make a drop-off during stormy weather in Wayne, New Jersey. The loud crack caused a scare, but he was unharmed. (Sound on). Malcolm-Jamal Warner, actor who starred as Theo in 'The Cosby Show,' dead at 54 Senator calls on Trump to reverse course on his proposal to slash the budget for NOAA China bans Wells Fargo banker from leaving the country 🦈 'You're gonna need a bigger boat': The classic summer blockbuster 'Jaws' recently turned 50 years old. In honor of this year's Shark Week, here's a behind-the-scenes look at how the 1975 film came together. 'Every one of us was prepared to give our life to kick Hitler's a** out of Europe … And we did.' Jake 'Papa Jake' Larson ⭐ WWII hero: Larson, who passed away recently at the age of 102, explaining his role in the D-Day invasion of Normandy, France. The veteran gained more than a million followers on TikTok, posting stories about his life and military service as @storytimewithpapajake. 🎵 A classic rock band cancelled their tour set to kick off next month due to extreme weather. Which band was it?A. The Steve Miller BandB. Fleetwood MacC. Steely DanD. The Beach Boys⬇️ Scroll down for the answer. 👟'We are all from the same place': Uganda-born trail runner Deo Kato wanted to challenge the idea that people should 'go back to where they come from.' Inspired by the racism he experienced, he ran more than 8,000 miles from Cape Town, South Africa to London — a feat that took over a year. Now, he's sharing his journey beyond the running world. 👋 We'll see you tomorrow.🧠 Quiz answer: A. Steve Miller, 81, posted a statement on his band's social media accounts saying extreme heat, unpredictable flooding and other natural disaster risks 'for you our audience, the band and the crew (are) unacceptable.'📧 Check out all of CNN's newsletters. Today's edition of 5 Things PM was edited and produced by CNN's Kimberly Richardson and Emily Scolnick.
CNN
2 days ago
- Entertainment
- CNN
High beef prices, pilot's ‘aggressive maneuver,' kiss cam warning: Catch up on the day's stories
👋 Welcome to 5 Things PM! With temperatures soaring in many parts of the country, it's hard to believe that fall is just around the corner. And that means Pumpkin Spice Lattes will be back on Starbucks' menus soon. The coffee chain just revealed the date for the popular drink's 2025 arrival — and it's sooner than you might guess. Here's what else you might have missed during your busy day. Your burger is approaching filet mignon prices. A pound of beef now costs over $9 on average, according to the Department of Agriculture, and it could be some time before those prices come down. Authorities are investigating an incident involving a pilot flying a Delta Air Lines regional jet, who made a hard turn to avoid colliding with a US Air Force B-52 bomber, according to audio taken on the plane. The flight landed safely in Minot, North Dakota. A video posted on TikTok showed what the pilot said to passengers at the time, and their response. Coldplay frontman Chris Martin made sure to give concertgoers plenty of notice that they may appear on video screens at the band's show Saturday night. His warning came after last week's 'Jumbotron Song' created a viral moment — and fallout — for the man and woman captured on camera. Eight healthy babies were born in Britain with the help of an experimental technique that uses DNA from three people to help mothers avoid passing devastating rare diseases to their children. Here's how it worked. Spain has had a complicated relationship with tourists who flock there to enjoy its breathtaking scenery, unique architecture and distinctive cuisine — particularly in Barcelona where anti-tourist protests broke out last year. Now, the city is making moves to limit the number of visitors who enter its ports. GET '5 THINGS' IN YOUR INBOX If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. ⛈️ Close call: A doorbell camera captured the moment a lightning bolt struck as a delivery man attempted to make a drop-off during stormy weather in Wayne, New Jersey. The loud crack caused a scare, but he was unharmed. (Sound on). Malcolm-Jamal Warner, actor who starred as Theo in 'The Cosby Show,' dead at 54 Senator calls on Trump to reverse course on his proposal to slash the budget for NOAA China bans Wells Fargo banker from leaving the country 🦈 'You're gonna need a bigger boat': The classic summer blockbuster 'Jaws' recently turned 50 years old. In honor of this year's Shark Week, here's a behind-the-scenes look at how the 1975 film came together. 'Every one of us was prepared to give our life to kick Hitler's a** out of Europe … And we did.' Jake 'Papa Jake' Larson ⭐ WWII hero: Larson, who passed away recently at the age of 102, explaining his role in the D-Day invasion of Normandy, France. The veteran gained more than a million followers on TikTok, posting stories about his life and military service as @storytimewithpapajake. 🎵 A classic rock band cancelled their tour set to kick off next month due to extreme weather. Which band was it?A. The Steve Miller BandB. Fleetwood MacC. Steely DanD. The Beach Boys⬇️ Scroll down for the answer. 👟'We are all from the same place': Uganda-born trail runner Deo Kato wanted to challenge the idea that people should 'go back to where they come from.' Inspired by the racism he experienced, he ran more than 8,000 miles from Cape Town, South Africa to London — a feat that took over a year. Now, he's sharing his journey beyond the running world. 👋 We'll see you tomorrow.🧠 Quiz answer: A. Steve Miller, 81, posted a statement on his band's social media accounts saying extreme heat, unpredictable flooding and other natural disaster risks 'for you our audience, the band and the crew (are) unacceptable.'📧 Check out all of CNN's newsletters. Today's edition of 5 Things PM was edited and produced by CNN's Kimberly Richardson and Emily Scolnick.
CNN
2 days ago
- Entertainment
- CNN
High beef prices, pilot's ‘aggressive maneuver,' kiss cam warning: Catch up on the day's stories
👋 Welcome to 5 Things PM! With temperatures soaring in many parts of the country, it's hard to believe that fall is just around the corner. And that means Pumpkin Spice Lattes will be back on Starbucks' menus soon. The coffee chain just revealed the date for the popular drink's 2025 arrival — and it's sooner than you might guess. Here's what else you might have missed during your busy day. Your burger is approaching filet mignon prices. A pound of beef now costs over $9 on average, according to the Department of Agriculture, and it could be some time before those prices come down. Authorities are investigating an incident involving a pilot flying a Delta Air Lines regional jet, who made a hard turn to avoid colliding with a US Air Force B-52 bomber, according to audio taken on the plane. The flight landed safely in Minot, North Dakota. A video posted on TikTok showed what the pilot said to passengers at the time, and their response. Coldplay frontman Chris Martin made sure to give concertgoers plenty of notice that they may appear on video screens at the band's show Saturday night. His warning came after last week's 'Jumbotron Song' created a viral moment — and fallout — for the man and woman captured on camera. Eight healthy babies were born in Britain with the help of an experimental technique that uses DNA from three people to help mothers avoid passing devastating rare diseases to their children. Here's how it worked. Spain has had a complicated relationship with tourists who flock there to enjoy its breathtaking scenery, unique architecture and distinctive cuisine — particularly in Barcelona where anti-tourist protests broke out last year. Now, the city is making moves to limit the number of visitors who enter its ports. GET '5 THINGS' IN YOUR INBOX If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. ⛈️ Close call: A doorbell camera captured the moment a lightning bolt struck as a delivery man attempted to make a drop-off during stormy weather in Wayne, New Jersey. The loud crack caused a scare, but he was unharmed. (Sound on). Malcolm-Jamal Warner, actor who starred as Theo in 'The Cosby Show,' dead at 54 Senator calls on Trump to reverse course on his proposal to slash the budget for NOAA China bans Wells Fargo banker from leaving the country 🦈 'You're gonna need a bigger boat': The classic summer blockbuster 'Jaws' recently turned 50 years old. In honor of this year's Shark Week, here's a behind-the-scenes look at how the 1975 film came together. 'Every one of us was prepared to give our life to kick Hitler's a** out of Europe … And we did.' Jake 'Papa Jake' Larson ⭐ WWII hero: Larson, who passed away recently at the age of 102, explaining his role in the D-Day invasion of Normandy, France. The veteran gained more than a million followers on TikTok, posting stories about his life and military service as @storytimewithpapajake. 🎵 A classic rock band cancelled their tour set to kick off next month due to extreme weather. Which band was it?A. The Steve Miller BandB. Fleetwood MacC. Steely DanD. The Beach Boys⬇️ Scroll down for the answer. 👟'We are all from the same place': Uganda-born trail runner Deo Kato wanted to challenge the idea that people should 'go back to where they come from.' Inspired by the racism he experienced, he ran more than 8,000 miles from Cape Town, South Africa to London — a feat that took over a year. Now, he's sharing his journey beyond the running world. 👋 We'll see you tomorrow.🧠 Quiz answer: A. Steve Miller, 81, posted a statement on his band's social media accounts saying extreme heat, unpredictable flooding and other natural disaster risks 'for you our audience, the band and the crew (are) unacceptable.'📧 Check out all of CNN's newsletters. Today's edition of 5 Things PM was edited and produced by CNN's Kimberly Richardson and Emily Scolnick.
Yahoo
09-07-2025
- Business
- Yahoo
Beef prices in the U.S. are searingly high. Here's why.
Soaring U.S. beef prices are hitting consumers in the wallet and raising costs for restaurants. "Anybody should be able to afford a burger," said Andrew Schnipper, a managing partner at Hamburger America in New York City. "It's never been an expensive item historically." Yet the restaurant may be forced to raise the price of its burgers, which start at $7.50. "We're very focused on trying to charge the least amount we feel comfortable doing," he added. "But obviously, if prices go up we have to raise prices." The cost of beef reached $5.98 per pound in May, according to Federal Reserve data — the highest since the Department of Labor started tracking beef prices in the 1980s. That rise hasn't come overnight. Ground beef costs have increased 45% over the last 10 years, compared with roughly 30% for the overall Consumer Price Index. Overall food prices have eased since surging during the pandemic, although they're still up nearly 17% since 2022, according to the CBS News price tracker. That means a grocery bill that cost $100 back then would cost around $116.85 as of May (the latest data available). So what accounts for higher beef prices? The answer largely comes down to simple economics, with demand outstripping supply. That has resulted in higher costs throughout the supply chain, including for meat processing companies, the restaurant industry and consumers. "There's plenty of alternative protein sources in terms of pork and poultry, primarily in the U.S., that consumers could turn to that are in abundant supply and relatively cheaper," Derrell Peel, a professor in the department of agricultural economics at Oklahoma State University, told CBS MoneyWatch. "And yet beef demand has stayed remarkably robust." Shrinking herds and drought If the rules of supply and demand explain why beef has gotten so prices, other dynamics come into play. Notably, Americans' enduring appetite for beef has coincided with shrinking cattle herds. The number of beef cattle in 2025, 27.8 million, is the lowest it's been since the 1960s despite the growing U.S. population, Agriculture Department data shows. Over the last decade, in turn, the decline in cattle supplies has mainly been driven by drought conditions around the U,.S., which reduced the available feedstock and forced many cattle ranchers to sell off their beef cows, Peel said. "They simply had no choice because of the drought." Most recently, a severe drought started in 2021 and continued through last year, sweeping through the western half of the country. "Somewhere during that period, just about every major beef cow-producing area was subject to drought and subject to this sort of forced liquidation," Peel said. Even without the challenge of insufficient rainfall, herds take a long time to grow due to the biology of cattle. Cows can only have one calf at a time, and it takes longer for them to reach the age for slaughter than other livestock, Peel said. Other factors driving up beef prices include high grain prices, tariffs and rising interest rates, according to a June study from NerdWallet, a financial services company. Will prices cool? Unfortunately for Americans, beef prices are expected to keep rising for some time. Diminished cattle supplies are likely to drive prices to new record highs in 2026, according to projections from the U.S. Department of Agriculture. Longer term, Peel expects beef prices to stay high for the next several years as ranchers work on rebuilding their herds. "We're going to be in a tight supply situation, in an elevated price situation for the next two to three years, probably to the rest of the decade," he said. var pymParent = new "tracker", " {} ); Sneak peek: Who Killed Aileen Seiden in Room 15? Everything we know so far about the deadly Texas floods Texas flood survivor says she decided to evacuate campsite despite no warnings or alerts
Forbes
04-07-2025
- Business
- Forbes
Stew Leonard, Jr. Explains Why BBQ Costs Are Skyrocketing
Stew Leonard's is a serious player in American food retail. What's kept it relevant and profitable ... More across generations is a deep-rooted commitment to culture and customer service. Tariffs are not fully to blame for the high costs of BBQs this year, reaching an all-time high. The average cost of a BBQ for ten people is now $103, breaking the $100 barrier for the first time. However, the increased costs have more to do with a historically low cattle herd size. In 2024, the U.S. cattle inventory was the smallest in 73 years. "It takes 18 months to raise cattle, so there's a lag in the system. The ranchers we've talked to all say the same thing - it's just too expensive to raise cattle right now, so they've put their herd growth on pause,' explains Stew Leonard Jr., president and CEO of Stew Leonard's grocery store chain based in Connecticut. Smaller herds have led to declining production and higher beef prices for consumers. 'Hot dog prices are up nearly 19% because they're tied to red meat supply and demand—the raw materials are up. Hot dogs are a mixture of pork and beef, but it's the beef side that's really driving costs. If you get into all-beef hot dogs, you're really seeing the price impact,' said Paul McLean, chief merchandising officer at Stew Leonard's. Stew Leonard's Team Talks Tariff Impact The tariff landscape is creating unexpected market dynamics. 'While European wine and cheese producers report sales drops of 5-6%, American producers are experiencing double-digit growth. Wisconsin cheese makers are up significantly, and California artisan producers are also seeing significant gains,' explains Leonard. Wisconsin-identified specialty cheese sales grew more than four times faster than the rest of the category last year, with dollar sales up 6 percent. With the current trade conditions and tariffs on most imported cheeses from Italy at 20%, consumers are turning to American-made cheeses. Wisconsin cheese makers are seeing sales increase while European producers slump, as American ... More shoppers ditch imported Gouda for homegrown cheddar. Lobster tariffs for outbound shipment to China have resulted in a decline in exports and lower prices in the U.S. The U.S. and Canada exports approximately 80 million pounds of lobster annually. "A lot of that product out of Maine usually goes to China and Asia, and a lot of it isn't going there now. So it's opened up to the American consumer at 25% reduced prices," explains McLean. With tariffs of around 25% on lobster exports to China, much of this premium product that would normally be shipped overseas is now staying in the domestic market. "The United States is benefiting from the tariffs in these particular cases, a counterintuitive outcome that demonstrates how trade policies can have unexpected positive effects for domestic consumers in certain product categories,' explains Leonard. Spanish and Portuguese wines hit the sweet spot for consumers delivering quality without the tariff ... More bite that's stinging French imports. Wine production faces tariff increases on multiple components (corks, wooden boxes), and while Stew Leonard's has not yet seen US wine sales surge since most current inventory is pre-tariff product, customers are gravitating toward European Union wines from Spain and Portugal that offer better value propositions. 'Customers are adapting by seeking value under $15, with Spanish and Portuguese wines becoming the sweet spot for quality without the tariff sting," said Blake Leonard, president of Stew Leonard's Wines & Spirits. Stew Leonard, Jr. Provides Tips For Saving Money On BBQs This Summer Stew Leonard's offers free samples leading to full shopping carts even Stew Leonard, Jr. admits, ... More 'Walk away from our demos... they're very tempting and impulsive.' 'The first thing we say is, make sure your propane tank is full... that almost leads to many divorces that we see in the store because the husband's standing over there, saying, oh, my wife had everything ready, and the propane was empty," jokes Leonard. For budgeting purposes, however, on a more practical note, Leonard suggests the following: Current Economic Conditions Are Reshaping America's BBQ Tradition With profit margins in the low single digits, grocers have virtually no cushion to absorb cost increases. When banana tariffs jumped 10%, Stew Leonard's and their suppliers each ate 5% rather than burden customers with the full price hike. However, grocery stores do not have the ability to absorb all of the costs due to inflation or tariffs. The meats, poultry, fish, and eggs index rose 6.1% over the last 12 months. While consumers exercise newfound spending discipline, retailers are walking a tightrope between maintaining competitive prices and preserving already minimal profitability, creating a delicate balance that's reshaping the grocery landscape.
