More tangibles. More winning. Ground beef at a new low price of $10/lb.

[Secure Da Bag]

MSN

Top Trump officials were out in front on Sunday, defending President Trump’s efforts to fight rising food prices following a report that ground beef is headed to $10 a pound.

Treasury Secretary Scott Bessent blamed the soaring beef prices on a “perfect storm” of problems inherited from the Biden administration as well — as the spread of a horrifying parasite from Mexico.

During an interview with Fox Business’ Maria Bartiromo, Treasury Secretary Scott Bessent faulted the problems that the Trump administration inherited for the soaring costs of beef. Fox News
“The beef market is a very specialized market. It goes in long cycles, and this is the perfect storm, again, something we inherited,” Bessent told Fox News’ “Sunday Morning Futures.”

The question from Fox Business’ Maria Bartiromo, followed an interview last week with Omaha Steaks President and CEO Nate Rempe — who warned that ground beef could rise to $10-a-pound by next fall.

He said it likely won’t come down in price until 2027.

Ground beef cost an average of $6.32 in September — up from $5.67 a year before, according to data from the Federal Reserve Bank of St. Louis.

Bessent pointed out that the Trump admin last week eased tariffs on imports of beef, coffee, tropical fruits, and other food products to help address affordability concerns.

He explained that the Trump administration is keen on tackling the affordability crisis by focusing on economic growth and the implementation of the One Big Beautiful Bill Act, also known as the Working Families Tax Cut Act.

“We inherited this terrible inflation, Bessent said. “We are flattening it out. I believe we’re going to push it down. Energy prices are down. Interest rates are down. But the real thing that is going to happen that is going to give Americans real purchasing power increases.”

 

[Secure Da Bag]

The Trump administration won’t say tariffs raised food prices, despite everyday Americans’ struggles

Director of the National Economic Council Kevin Hassett also faced questions about food prices — sparring with John Karl on ABC’s “The Week” about Trump’s claims that Thanksgiving food prices were down 25%.

That stat was based on a Walmart Thanksgiving package — which dropped in price, but also had fewer items than last year.


Grocery prices have increase 2.7% this year — but, a report from Wells Fargo Agri-Food Institute, suggested that Thanksgiving dinner could end up 2% to 3% cheaper if shoppers are savvy and choose store brands.

Hassett ripped into the cherry-picking of specific products that went up in price and argued that the Trump administration has made significant progress on boosting affordability relative to what it inherited.

“The prices went up so much under Joe Biden, and inflation is way down. Inflation is about half what it was in December,” Hassett told ABC’s “This Week” on Sunday.

“This is something that’s being fixed fast,” Hassett continued. “Sure, you could find a few things where the prices is higher, but there’s a whole bunch of stuff where the price is lower, like gasoline, like mortgage rates.”

As far as beef prices, Bessent said that the solution is complicated — because the origins are complicated.

“Part of the problem is, we have had to shut the border to Mexican beef because of this disease called the screwworm. So we’re not going to let that get into our supply chain,” the Treasury secretary said.


President Trump’s team is planning to put more of a focus on affordability heading into the 2026 midterm elections. AP
New World screwworm fly is a nasty parasite with larvae that chew on the flesh of animals like cattle, causing severe wounds that can be fatal. The US and Mexico have partnered for decades to combat screwworms by mass-producing sterile flies to slash their population and larvae.

For reasons that aren’t fully clear, Mexico has been battling a screwworm outbreak. Some scientists have speculated that this is due to a decrease in the production of sterile flies during the pandemic.

In May, the Trump administration cut off imports of cattle, bison, horses and other livestock from Mexico in response to the outbreak.

Bessent said he’s confident that inflation on groceries and household goods will begin to ease.

“I would expect in the first two quarters we are going to see the inflation curve bend down and the real income curve substantially accelerate,” he added. “What we’re not going to do is tell the American people that they don’t know how they’re feeling, which is what the Biden administration did.”

 

[The Prince of All Saiyans]

the US has tropical fruits??

 

[maxamusa]

made nachos for lunch today; shyt cost me a grip

 

[acri1]

Pretty soon Trump supporters will be arguing that this is good since Americans eat too much red meat anyway,

 

[Wiseborn]

Lets have more pro donnie threads on here, either people are gonna give Hakeem the gavel or they aren't.

 

[Secure Da Bag]

the US has tropical fruits??

it has Florida, so i would expect so.

 

[Wiseborn]

it has Florida, so i would expect so.

sometimes there's winters in Florida too.

 

[Secure Da Bag]

sometimes there's winters in Florida too.

even if it was all spring and summer in Florida it wouldn't stop a mcdouble from being $5.

 

[Elim Garak]

A Democrat isn't in office so no one cares.

 

[Wargames]

MSN

They have to think everybody is as stupid as they are to try and push this story.

 

[Wiseborn]

A Democrat isn't in office so no one cares.

exactly it's kinda wild with the GOP running everything and somehow the blame is still on the democrats.

 

[Hawaiian Punch]

A Democrat isn't in office so no one cares.

This man understands. It’s not that no one cares. It’s just that the level of insanity that dominates everything is so much that people can’t even process the shyt anymore. I think when Democrats are in power, they at least attempt to project some level of normalcy that makes people question things that seem normal.

 

[LadyJ2]

Wait a minute - this “report” comes from the CEO of Omaha Steaks

He is warning Trump that he needs to give farmers an incentive to breed to make up for the drought that has killed a lot of cattle. Plus the tariffs on imported beef aren’t helping.

It’s the holiday season and many of us buy packages from Omaha Steaks and other companies for our dads, husbands, uncles, etc. So far their prices are in line with previous years but the CEO is saying unless something changes they will have to go up on their pricing or lay off.

 

[LadyJ2]

Another point - Trump needs to send checks to people ASAP. The treasury needs to figure it out.

Rs got what they wanted from the shutdown. Now it’s time to put money in people’s pockets and yes individuals making $75k plus shouldn’t get anything. We don’t need $2000 but people making $50k do and FAST.