Scott Bessent Explains Why Ground Beef Is Headed for $10 Per Pound

U.S. Treasury Secretary Scott Bessent said Sunday part of the reason beef prices have been soaring in America is due to the invasion of illegal aliens during the Biden administration, claiming many migrants brought diseased cattle with them.

Appearing on "Sunday Morning Futures" with Maria Bartiromo on the Fox News Channel, Bessent was reacting to a statement by Omaha Steaks CEO Nate Rempe, who predicted: "By third quarter of '26, families are going to see $10-a-pound ground beef in the grocery store."

Bessent said: "The beef market is a very specialized market. It goes in long cycles, and this is the perfect storm again, something we inherited.

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