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Fortune
Fortune
Jason Ma

If you think beef is expensive now, just wait until next year when prices could soar nearly 60%

United States Trump Omaha Steaks
(Credit: Rebecca Noble—Bloomberg via Getty Images)

Beef prices have been giving Americans sticker shock at grocery stores lately, and they are poised to reach even more stomach-churning levels next year, according to Omaha Steaks CEO Nate Rempe.

In an interview Friday on Fox Business’ Mornings with Maria, he pointed out that the U.S. cattle herd is at 70-year lows while beef demand is at all-time highs.

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