Why Ground Beef Prices Are Hitting Record-Highs in the U.S. F or many Americans, the cost of ground beef is starting to weigh down their weekly shopping baskets. Ground beef prices rose by 10.3% in June, when compared to the same time last year, surpassing $6 per pound. The price of steak rose by 12.4% within this period.

The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data. The average price of all uncooked beef steaks rose 8% to $11.49 per pound.

Beef prices in the US have hit record highs with ground beef averaging $6.12 (Rs 530 approx) per pound (less than half a kilo). Steak prices are up eight per cent since last year. Experts cite a shrinking cattle herd,