US Beef Lovers May Face Higher Prices in 2026 as Supplies Shrink

American beef lovers may face even leaner plates and higher prices next year as US production shrinks to a decade low and tariffs limit imports, according to a US government projection.

Total beef supply in the US is expected to drop 2.5% in 2026 to 31.1 billion pounds — the lowest since 2019 — the US Department of Agriculture said in a monthly report. The decline threatens to push record beef prices even higher, with tariffs limiting importers’ ability to soften the blow.

US beef supplies have been constrained by a shrinking herd. For years, ranchers have been ...