….yes….
A pound of lean ground beef costs $8.20 in the United States as of March, up from $7.48 in March 2025 and up from $5.68 in 2016. Herd sizes are down to their lowest levels since 1951, and droughts and crop failures have driven up the price of raising cattle. That eye-popping figure came before any of the possible inflationary effects caused by the Strait of Hormuz closure; it’s not exactly right to say that we turn oil into cows, but it’s not entirely inaccurate either, as gasoline and fertilizer are both key components in the production of feed.
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