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Live cattle futures on the CME settled at a record $2.51 per pound on Tuesday, the highest going back to the 1960s. Retail ground beef averaged about $6.70 per pound in March, roughly 12% above a year earlier.
The U.S. cattle herd is at its smallest since the 1950s.
A shrinking herd and lower slaughter keep beef supply tight into peak grilling season, which supports cattle prices and keeps retail beef costs high.
cnbc.comAlex HarringApr 15, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
