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  • Ground Beef Was $3.82 in 2019 — It's $6.92 Today

Ground Beef Was $3.82 in 2019 — It's $6.92 Today

And the reason it won't come back down is a cattle herd smaller than it's been in 75 years.

One Number
One Number

Oct 2, 2026

COST OF LIVING • FOOD PRICES

You used to toss a couple pounds of ground beef in the cart without thinking twice. Not anymore. The BLS just reported that a pound of 100% ground beef hit $6.92 in August—an all-time record. That's up 81% from 2019. The driver is simple: America's cattle herd has shrunk to 86.2 million head, the smallest since 1951. Drought gutted grazing land across the Plains, ranchers culled herds they couldn't afford to feed, and rebuilding takes years, not months. The price at the meat counter isn't going anywhere.

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The most affordable cut in the meat case just hit the most expensive price in American history.

Source: U.S. Bureau of Labor Statistics, Average Price Data (Series APU0000703112), Sep 2026; USDA Cattle Inventory Report, Jan 2026
One number. Every morning.
— Jack Corbin

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