Beef Prices Hit Record Highs. Here’s Why Steak Is So Expensive A historic cattle shortage — the smallest U.S. herd since 1951 — is pushing ribeye past $22 a pound, and experts warn prices could stay elevated until 2030. Original Source: https://www.moneytalksnews.com/beef-prices-hit-record-highs-heres-why-steak-is-so-expensive/