Consumers may face high prices of cow meat from companies

The high prices of American beef weighing American companies and consumers.

They forced some companies to make difficult decisions on how to deal with the increasing costs, some of which transfer the costs to customers.

Rob Basso, the owner of the main meat in Lombardy, Philadelphia, Fox correspondent for business Jeff Vodock On “Varney & Co”, there is only much that you can absorb as much as the strike to your saying line before you say to yourself you have to raise these prices. ”

Passio said that the Al -Jazzar store did not see its customers at higher prices “because they see it.”

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“They see Inflation. They see pricing. As you know, everything is over. “

Inflation data in the work statistics office measured by the Consumer Prices Index (CPI) showed that the prices of cow meat and load have increased by 2.4 % per month and 7.6 % year on an annual basis in February.

The total consumer price index increased by 0.2 % per month and 2.8 % jump on an annual basis.

Courtney Schmidt, director of the sector at the Wales Vargo Institute, said, Fox’s work Last month, high beef prices were driven by the production of beef in the United States with consumer demand.

The American livestock herd faces a bottom cycle, with livestock stocks at low levels historically in 2025, according to Shamidt.

In late January, the US Department of Agriculture (US Department of Agriculture) stated that American farms have 86.7 million heads of livestock and calves. The number of cows was specifically 27.9 million, a decrease of 1 % compared to the same time last year, according to the US Department of Agriculture.

“I know they are killing smaller cattle, so they are trying to kill them faster to create the offer that the request needs,” Passo said.

Some major companies are the source of cow meat from Canada and Mexico, Flock mentioned on “Varney & Co.”

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President Donald Trump imposed 25 % import tariff On the goods that enter the United States from these two countries on March 4, and recently, I have made exemptions to Mexico and Canada on the goods under the United States and Mexico-Canda agreement until early April.

Such a tax on imported beef “will increase the price”, according to Passio, adding that consumers “will pay for it.”

“My philosophy is to sell it as much as possible to show the customer’s savings and value. We hope you have more customers to generate your revenues,” said meat meat.

In the United States, the average crushed cows reached $ 5.63 per pound in February, while the price per pound Bone -bone It came at $ 11.90, according to data from the Federal Reserve in Saint Louis. The average price was 9.6 % and 1.6 %, respectively, from the same month in 2024.

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The US Department of Agriculture expects in a report issued this month that the production of American beef is preparing for 26.685 billion pounds this year.

Daniela Jenovies contributed to this report.