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Omaha Steaks CEO warns American families will soon face '$10-a-pound reality' for beef

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1 month ago

America’s beef bills are set to keep climbing, according to Omaha Steaks President and CEO Nate Rempe, who cautioned that the nation’s shrinking cattle supply and record demand are driving a "$10-a-pound reality" that could stretch family budgets for years."Look, domestically, we need to get our arms around it. Last time we got together, we talked about how the herd is at a 70-year low, demand is at an all-time high and the net result is prices are through the roof," Rempe told "Mornings with Maria" on Friday."We are headed for what I'm calling … the $10-a-pound reality. By [the] third quarter...

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1 month ago
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