Meat prices remain higher across the country, with staples like steak, chicken, and ground beef still costing significantly more than they did a year ago. But one industry leader believes relief could be coming for shoppers, though not immediately.
"The number of head of cattle in the United States is at a low really not seen since the 1950s," said Nate Rempe, president and CEO of Omaha Steaks, on " Mornings with Maria ."
"That supply pressure is really putting a lot of upward pressure on price, especially as demand is still so strong in the U.S."
According to the Bureau of Labor Statistics, meat prices have increased year-over-year with steak up 7%, ground beef 10%, chicken nearly 3%, and ham over 4%. Rempe believes the issue goes beyond tariffs and trade policy.
"Supply is a tr