Trump admin grilled over beef prices as costs skyrocket

LiveNOW’s Anna Marsick is speaking with POLITICO’s Grace Yarrow, who works as a food and agriculture policy reporter. They are speaking about the forces currently keeping beef prices elevated and why pressure on the industry could last for years. Even though beef costs have climbed, consumer appetite for the product remains strong. In 2025, shoppers spent more than $45 billion on beef, buying more than 6.2 billion pounds, according to data from Beef Research, a contractor for the National Cattlemen’s Beef Association. According to reports from Fox News, the U.S. cattle herd has fallen to its smallest size in 75 years. This comes after years of drought as well as an aging ranching workforce forced producers to scale back. "The biggest thing has been drought," Eric Belasco, head of the agricultural economics department at Montana State University, told Fox News Digital. Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1 Where to watch LiveNOW from FOX: https://www.livenowfox.com Follow us @LiveNOWFOX on TikTok: https://www.tiktok.com/@livenowfox Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX. Live news streaming channel when and where you need it.