Why is ground beef meat so expensive?

Several factors are involved when considering the cost of ground beef these days. The first consideration is that the cost of beef itself has risen steadily over the last few years, this accounts for much of the rise in grind costs. There are some other factors as well. read more

As such, ground beef was a tool that helped a meat market efficiently produce beef products, helping keep costs down, and the ground beef itself could be reasonably priced, at bargain rates. Now ground beef is a destination product of it's own. read more

At grocery stores, ground beef jumped 16 percent in the 12 months through May to a record $3.856 a pound on average, the Bureau of Labor Statistics said Tuesday. The USDA said May 23 that beef and veal prices will rise 5.5 percent to 6.5 percent this year, more than any food group. read more

If you've ever wondered why that rib eye steak or beef tenderloin was so expensive, you probably assumed it was because the most desirable cuts of meat naturally cost more. And that's true. If people stopped buying filet mignon tomorrow, the price would come down. read more