
newsAug 22, 202632:12pending
Extra: Where’s the Beef? The Real Reasons Behind Skyrocketing Prices
About this episode
To help bring down high beef prices, President Trump announced plans to boost imports by temporarily allowing up to 300,000 metric tons of ground beef into the U.S. tariff-free. Soaring costs for burgers, steaks, and other products stem from persistent inflation and a nationwide cattle shortage—pressures further compounded by major industry shifts, including Tyson Foods closing facilities in Illinois and Utah and selling a location in Washington.
Before the President’s announcement, FOX News Rundown host Jessica Rosenthal spoke with Nate Rempe, President and CEO of Omaha Steaks, and Steve Lucie, a fifth-generation farmer in Illinois. They discussed the cattle shortage, pressures on the industry, and Tyson Foods—one of the "Big Four" meatpacking companies—ending operations at its Joslin, Illinois beef facility and its Eagle Mountain, Utah case-ready facility, as well as selling a facility in Pasco, Washington.
Both guests share their perspectives on the challenges facing the beef industry and what they say can be done to help consumers and producers alike.
We often have to cut interviews short during the week, but we thought you might like to hear them in full. Today on the Fox News Rundown Extra, we share our complete conversations with Omaha Steaks' Nate Rempe and cattle rancher Steve Lucie as they dive deeper into why beef costs so much.
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