Higher tariffs on nearly all major U.S. trading partners are piling pressure on farmers already struggling with soaring agricultural supply costs and elevated rates.
With US cattle numbers down for the sixth straight year and prices already up 53% since 2019, experts warn the screwworm-related import halt could drive further price hikes.
Food prices have been increasing for decades, and lately they have been outstripping inflation. This year, grocery prices have continued their upward trend.