US beef prices have soared but farmers aren't making more money
Most of it he leases from the Pine Ridge Indian Reservation.He is seven miles from the nearest paved road, and two and a half hours' drive from the closest town of any size.Gropper doesn't set the price for his calves. Instead once a year he takes them to a livestock auction where buyers place bids and the hammer decides.Right now the bids are the highest he has ever seen - around $2,500 (£1,883) for a 600lb (272kg) calf, up from $2,000 two years ago.These record prices are driven by a simple fact – there are not enough cattle. Due to a combination of drought in many states, and disease pressure, at the start of this year the US had fewer cattle than at any point since 1951.Gropper is experiencing drought first hand, as the 13 natural wells across his land that provide ground water for his cattle have run dry.
- ▪Most of it he leases from the Pine Ridge Indian Reservation.He is seven miles from the nearest paved road, and two and a half hours' drive from the closest town of any size.Gropper doesn't set the price for his calves.
- ▪Instead once a year he takes them to a livestock auction where buyers place bids and the hammer decides.Right now the bids are the highest he has ever seen - around $2,500 (£1,883) for a 600lb (272kg) calf, up from $2,000 two years ago.Thes
- ▪Due to a combination of drought in many states, and disease pressure, at the start of this year the US had fewer cattle than at any point since 1951.Gropper is experiencing drought first hand, as the 13 natural wells across his land that pr
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| Original publisher | Bbc |
| Canonical URL | https://www.bbc.com/news/articles/cdrv0k0j662o |
| Publication time | Thu, 06 Aug 2026 13:38:22 +0000 |
| Retrieval time | 2026-08-06T14:25:43.323Z |
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US beef prices have soared but farmers aren't making more money15 hours agoShareSaveAdd as preferred on GoogleSam FenwickBusiness reporter, BBC NewsAFP via Getty ImagesWith US beef prices soaring to record highs, you might think that South Dakota cattle rancher Eric Gropper would be celebrating.Yet while the cost of the meat in US supermarkets is now 12% higher than it was a year ago, a rise more than three times the rate of general inflation, Gropper says that he and all the other beef farmers aren't making any more profit than usual.The BBC World Service's Follow the Money series spent a week tracing the American beef supply chain to find out what has caused the price jump and discover where all the cash is going.The rancherEric GropperCattle farmer Eric Gropper is selling his animals…
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