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   Memorial Day Beeflation
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   Inflation tightens grip ahead of Memorial Day weekend
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      ‌
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              Thursday, May 21, 2026
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                   Gas 
prices aren’t the only item inflicting financial strain on Americans ahead of Memorial Day. For families firing up the grill, that ground beef will have a higher price tag attached to it.
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                  The national average for a pound of ground beef stands at a record high of $6.90,
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                   according
                  </a>
                  to the Bureau of Labor Statistics. Lower cattle supply coupled with robust demand caused prices to skyrocket over the past five years. Since President Donald Trump took office in January 2025, ground beef prices have climbed by 24%.
                 </div>
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                  That creates a political challenge as beef remains central to the American diet.The Trump administration has struggled to tame price increases in beef, a staple of the American diet. The U.S. government is encouraging Americans to become more like 
carnivores: Beef is
                  <a data-linktext="now on top of" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                   now on top of
                  </a>
                  the food pyramid following an overhaul of federal dietary guidelines at the Department of Health and Human Services. Even Health Secretary Robert F. Kennedy Jr.
                  <a data-linktext="has said he eats" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                   has said he eats
                  </a>
                  beef “twice a day.”
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                  <br/>
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                  The U.S. appetite for beef is enormous. Americans devoured $45 billion worth of beef last year,
                  <a data-linktext="per research" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                   per research
                  </a>
                  from Beef Research, an industry marketing group. The figure also helps explain why rising beef prices carry political weight.
                 </div>
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                  <br/>
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                  Trump himself has acknowledged the challenges. In November, he said beef prices were “a little high”
                  <a data-linktext="in a Fox News interview" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                   in a Fox News interview
                  </a>
                  . The White House won’t find price relief in the meat market anytime soon. The Department of Agriculture
                  <a data-linktext="recently projected" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                   recently projected
                  </a>
                  beef prices will increase 6.3% in 2026, a figure outpacing its 20-year historical growth rates.
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                  <br/>
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                  The Trump administration has taken steps to address what some economists are labeling “beeflation.” It announced a deal with Beijing to reopen the Chinese market to U.S. beef exports, which administration officials argue will encourage ranchers to grow their cattle herds — now at historic lows — to meet new demand.
                 </div>
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                  “The Trump administration is committed to 
reducing beef and other grocery costs for hardworking Americans,” a White House official said in a statement. “The Administration’s astonishing success in reducing egg prices by cleaning up the Biden administration’s failures is proof that President Trump has a track record of success in delivering.”
                 </div>
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                  <br/>
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                  The USDA indeed projected that Americans will catch a break as egg prices continue dropping this year. That’s largely due to a less intense avian influenza combined with increased egg 
production.
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              Possible tariff relief and restaurants altering their menus
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              Earlier this month, the White House eyed tariff relief on beef imports as another lever for lower prices. The Wall Street Journal
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               reported
              </a>
              that Trump was on the verge of signing an executive order to import more beef into the U.S. at lower tariff rates.
             </div>
             <div>
              <br/>
             </div>
             <div>
              The administration had already given a green light for a modest increase in Argentine beef imports
              <a data-linktext="in February" data-linktype="Normal" style="color:#4C84AA" target="_blank">
               in February
              </a>
              . Yet Republicans and cattle ranch 
groups balked at the latest proposal.
             </div>
             <div>
              <br/>
             </div>
             <div>
              “We can’t import our way out of this problem,” USCA President Justin Tupper
              <a data-linktext="said in a statement" data-linktype="Normal" style="color:#4C84AA" target="_blank">
               said in a statement
              </a>
              . “We will continue in our conversations with the Administration on this matter and working for U.S. producers and the American consumers who depend on them.”
             </div>
             <div>
              <br/>
             </div>
             <div>
              The White House
was forced to shelve the planned order for now. The Iran War continues rippling through the food supply chain as higher diesel fuel prices add to the cost of transporting beef and many other food products to grocery shelves..
             </div>
             <div>
              <br/>
             </div>
             <div>
              Eating out is also a more expensive habit to maintain, and beef inflation is rewiring short-term plans for fast-food chains and beyond. For example, McDonald’s plans to expand their menu to include more chicken to account for both customers and franchisees getting squeezed by price 
hikes.
             </div>
             <div>
              <br/>
             </div>
             <div>
              “Certainly right now in the environment that we're in, I think chicken is benefiting relatively to its better cost position relative to beef,” McDonald’s CEO Chris Kempczinski
              <a data-linktext="said in a recent Q1 2026" data-linktype="Normal" style="color:#4C84AA" target="_blank">
               said in a recent Q1 2026
              </a>
              earnings call. Other restaurant chains like Texas Roadhouse simply raised menu prices at the start 
of the year’s second quarter.
             </div>
             <div>
              <br/>
             </div>
             <div>
              Whether in the backyard or ordering at a restaurant, beef-loving families will be paying a premium to satisfy their carnivorous appetites. If current trends hold, they won’t be joining the vegetarian ranks anytime soon.
             </div>
             <div>
              <br/>
             </div>
             <div>
              — Joseph Zeballos-Roig
             </div>
             <div>
              <br/>
             </div>
             <div>
              <em>
               Joseph Zeballos-Roig is Quartz’s Washington Correspondent. Email him at
              </em>
              <em style="color:#4C84AA">
               <a data-linktext="jzeballos-roig@qz.com" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                jzeballos-roig@qz.com
               </a>
              </em>
              <em>
               and follow him on X at
              </em>
              <em style="color:#4C84AA">
               <a data-linktext="@josephzeballos" data-linktype="Normal" style="color:#4C84AA" target="_blank">
                @josephzeballos
               </a>
              </em>
              <em>
               .
              </em>
             </div>
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                  One Shark Missed Billions… Another Saw This Coming
                 </h2>
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                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   Imagine turning down Uber at a valuation of $10 million, only to watch it go public at over $80 billion.
                  </span>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   That’s exactly what happened to Mark Cuban… a 799,900% return, gone.
                  </span>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   But original Shark Tank investor Kevin Harrington built his career doing the opposite: spotting asymmetric opportunities before they go mainstream.
                  </span>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   Like Uber turned vehicles into income-generating assets, Mode Mobile is
                  </span>
                  <strong style="background-color:rgba(0,0,0,0);color:#000000">
                   <a data-linktext="turning smartphones into income streams." data-linktype="Normal" style="color:var(=-blue-cta-default)" target="_blank">
                    turning smartphones into income 
streams.
                   </a>
                  </strong>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   They were named the #1
                  </span>
                  <a data-linktext="fastest-growing software company" data-linktype="Normal" style="color:var(=-blue-cta-default);background-color:rgba(0,0,0,0)" target="_blank">
                   fastest-growing software company
                  </a>
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   by Deloitte and have already helped their users earn and save over $1B.
                  </span>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   Kevin Harrington invested early.
                  </span>
                 </div>
                 <div style="font-size: 15px">
                  <br/>
                 </div>
                 <div style="font-size: 15px">
                  <span style="background-color:rgba(0,0,0,0);color:#000000">
                   And at just $0.50/share, you can still get in before their potential IPO.
                  </span>
                 </div>
                </td>
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                                  Secure shares at $0.50 while the pre-IPO window is still open.
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                                 <!--<![endif]-->
                                 <!--[if mso]><a 
href="https://www.ne16.com/t/10763076/226459624/9805831/4/1009503/?x=7bf729a2" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Secure shares at $0.50 while the pre-IPO window is still 
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                 <div style="font-size: 10px">
                  <span style="color:#6C6B6B">
                   Potential Uber return for Marc Cuban does not take into account dilution.
                  </span>
                 </div>
                 <div style="font-size: 
10px">
                  <br/>
                 </div>
                 <div style="font-size: 10px">
                  <span style="color:#6C6B6B">
                   The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period in 2023.
                  </span>
                 </div>
                 <div style="font-size: 10px">
                  <br/>
                 </div>
                 <div style="font-size: 10px">
                  <span style="color:#6C6B6B">
                   Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A Offering.
                  </span>
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              Stat of the 
week
             </h2>
             <div>
              <strong>
               $13.02
              </strong>
             </div>
             <div>
              The average cost of a pound of uncooked beef steak is at a record high of $13.02,
              <a data-linktext="according to the BLS" data-linktype="Normal" style="color:#4C84AA" target="_blank">
               according to the BLS
              </a>
              . Beef steak cost $10.91 when Trump took office in Jan. 2025, amounting to a 19% price increase.
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