'Code red' issued at steakhouses across America as beef prices soar, and it's bad news for customers
www.msn.com

... Soaring beef prices in the United States have forced steakhouses across America to issue code red warnings and pass on price hikes to consumers who are already feeling the pinch.

Halls Chophouse, with fine dining restaurants in South Carolina and Tennessee, has been forced to up the price of an eight-ounce filet mignon from $57 to $61 after initially trying to absorb the costs.

That marked an increase of about seven percent.

'Every time we do a price increase, I have butterflies in my stomach wondering how customers will take it,' Tommy Hall, the restaurant's president, told The New York Times.

Hall said his business found itself in a 'code red' situation earlier in 2025, and he felt there was no choice but to act decisively.

'We had to raise prices or we weren't going to be able to cover costs,' he said.

'I'm not so nervous about December, but I'm extremely nervous about January and February.' ...

If you think beef is expensive now, just wait until next year when prices could soar nearly 60%
fortune.com

... Beef prices have been giving Americans sticker shock at grocery stores lately, and they are poised to reach even more stomach-churning levels next year, according to Omaha Steaks CEO Nate Rempe.

In an interview Friday on Fox Business' Mornings with Maria, he pointed out that the U.S. cattle herd is at 70-year lows while beef demand is at all-time highs.

To rebuild herds, ranchers must hold on to heifers rather than sending them out to meat processors. There are signs of that happening, but that also means beef supply will shrink in the near term, Rempe warned. ...