Ground beef just hit a record $6.89 a pound, up 80% since 2019 — and nobody along the supply chain sees relief coming. Ranchers like Eric Gropper point to years of drought that have shrunk cattle herds to their lowest level in decades. Meanwhile, meatpackers have been hammered by labor shortages and plant closures.
Erin McDowell/Business Insider
Erin McDowell/Business Insider
Lloyd Bishop/NBCU Photo Bank/NBCUniversal/Getty Images; Erin McDowell/Business Insider
Erin McDowell/Business Insider