Beef Prices Hit Record Highs. Here’s Why Steak Is So ExpensiveBeef Prices Hit Record Highs. Here’s Why Steak Is So ExpensiveBeef Prices Hit Record Highs. Here’s Why Steak Is So Expensive 

USA TODAY Network / ReutersWith beef prices climbing to record highs, many consumers across the country, reeling from sticker shock, are wondering aloud why a ribeye steak costs nearly $22 per pound. Economists say the reasons behind it have been building for years, driven mainly by drought‑induced herd losses and strong demand — not just general inflation. According to USDA Economic Research Service data…