World Meat Prices Reach New High as Consumers Clamor for Beef

Global meat prices hit a fresh record in August as strong American and Chinese demand for beef continued to fuel a monthslong rally at a time when global cattle supplies have been dwindling.

A United Nations’ Food and Agriculture Organization index tracking the price of meat last month surpassed the record set in July. The surge is already worsening inflation headaches in some countries. In July, consumer prices for beef and veal were almost 25% higher in the UK.