Rising Beef Prices in the U.S.

Beef prices are soaring due to factors like drought, high grain prices, and rising interest rates, leading to a decrease in cattle inventory and an increase in demand. This has resulted in record-high prices for popular cuts of beef, with the trend expected to continue.

Food Inflation

Food inflation is on the rise, with prices of various food items increasing significantly. This surge in prices is likely to remain a key concern for voters as elections approach. Vice President Kamala Harris has been addressing the issue, focusing on lowering the cost of living for families. However, there are doubts about the effectiveness of her proposed strategies.