Will rising beef prices ever come down? Here's what experts say

[underpants]

2. Worms!!!

An aside, Howard Stern once observed about the failure of Trump steaks “How in the ____ can you lose money selling red meat to Americans?”

But Peel says the current cycle began in 2019, when herd sizes began to decline. Droughts in the following years certainly exacerbated the problem, but Peel also believes that uncertainty within the cattle industry — fueled by the Trump administration’s talk about importing beef, or open grazing land — might now be gumming up the works of the cyclical cattle production cycle.

Bessent, in his interview, also claimed that rising beef prices could partially be blamed on “migrants” from Mexico who allegedly brought screw worm-infected cattle over the border, forcing the U.S. to stop imports from the country. But again, Peel said Bessent “doesn’t know what … he’s talking about.” Peel explained that the U.S. only imports between 1 million and 1.2 million head of cattle from Mexico per year, which is “not insignificant,” but only makes up about 3.3 percent of total imports, and isn’t a major factor in rising prices.