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Scripps News

Beef prices stuck at record highs headed into Christmas

Scripps News · New
Scripps News
Scripps News
New

Ground beef cost an average of $6.78 a pound in November. That is a 2.1% increase from September and 15% higher than this time last year.

Breakdown
  • Ground beef reached $6.78 per pound in November, up 15% from last year 7s
  • U.S. cattle herd is historically small, contributing to high prices 20s
  • Tyson Foods will close its Lexington, NE beef plant on January 20th 31s
  • Closure will lay off 3,200 workers, over a third of Lexington's population 38s
  • The plant has operated for 30 years, employing many immigrant workers 1m 26s