Beef Poised to Become the New Eggs as Tariffs Fuel Shortage Fear

Eggs were the poster child for food inflation last winter. Burgers could be the next.

US beef prices are poised to extend their surge, reaching new record highs in the coming months, with restrictions on Brazilian imports further squeezing already tight domestic supplies, according to global meat trader Parker-Migliorini International Llc.

“We could see a shortage in the market,” PMI Foods President Darin Parker said in an interview. “Beef prices could be the egg problem of the Biden administration because of the extreme price increases that would have to come.”

Eggs became a symbol of high grocery prices at ...