Soaring US beef prices likely to rise further thanks to trade tensions and disease outbreaks

It’s summer grilling season, but for many Americans, surging prices mean beef is no longer what’s for dinner. The cost of beef, having spiked since early 2025, is coming under even more pressure. The most recent is the screwworm outbreak that hit cattle in Mexico and has now spread to the United States, where the cattle herd has already fallen to levels not seen since the 1950s, due in part to drought. Meanwhile, potential trade disruptions loom. Just before U.S. and Mexican trade negotiators began meeting on June 16-17, 2026, to discuss the long-standing deal binding North America, President Donald Trump warned that Washington may not renew the agreement, which was negotiated during his first term, and instead potentially withdraw from it altogether. As international trade and livestock economists, we have studied how North American trade has deeply integrated cattle and beef markets, influencing production, prices and the movement of animals and meat products across Canada, Mexico and the United States. And because beef is both a top agricultural import and export for the U.S., the industry is especially vulnerable to any disruptions to the existing trade deal. As one example, the cost of ground beef is up by more…

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