From Filet to Frugal: Outsmarting the Soaring Cost of Beef

Americans have faced rising grocery prices before, but beef is now the latest sticker shock.

Ground beef and steak are up more than 10% and 12% over the past year, respectively, according to CNN.

At $9.26 a pound on average, beef costs are testing household budgets. Unlike eggs, which experienced a price decline after their supply rebounded, beef is tied to long-term issues in the cattle industry.

The number of cattle in the U.S. is at a 74-year low, the American Farm Bureau Federation reports. Drought, high feed costs, and lower rancher profits are shrinking the supply.

Rethink Your Cuts and Cooking Habits

Not all beef is priced equally. Chuck roast, bottom round, and eye of round are typically more affordable than sirloin or ribeye.

CNN notes that ranchers are struggling despite high prices, indicating that markups occur later in the supply chain. That gives shoppers room to pivot.

Marinating tougher cuts before cooking, or using a slow cooker, can turn inexpensive meat into a tender main dish. Tacos, chili, and stews are budget-friendly and filling.

Shop Smart: Timing and Store Hacks Matter

Prices vary depending on where and when you shop. Look for markdowns in the meat case late in the day or early in the week.

Bulk packs often cost less per pound. If you have freezer space, divide and store for later.

Retailers like Walmart are responding to high prices by cutting out the middleman. CNN reports the company just opened its own beef facility to improve supply and cut costs — savings that may eventually reach consumers.

Use Apps and Rewards to Stretch Your Grocery Budget

Many supermarkets offer digital coupons and cash-back deals through their apps. Loyalty programs can also unlock member-only discounts on meat and other staples.

Check weekly circulars and load offers before heading to the store. Small savings add up when beef prices are this high.

Consider Going Beyond Beef

You don’t have to ditch meat entirely, but variety helps. Chicken and pork often cost less than beef, and beans or lentils stretch meals even further.

Imported beef now makes up about 8% of U.S. consumption, according to CNN. If you’re open to different sources, you may find better prices on store-brand or frozen options.

Stay Flexible as Prices Shift

Beef prices may eventually drop, but not soon. CNN reports that unless demand slows, near-term relief at the register is unlikely.

Until then, thoughtful swaps, better timing, and smarter prep can help you stay on budget — without skipping the main course.