Ground beef prices hit a record high in July, averaging $6.25 per pound—with lean cuts over $8. Beef prices rose 11.3% year-over-year, driven by the smallest U.S. cattle supply since 1951.

Meanwhile, egg prices dropped 3.9% month-over-month, but are still 16.4% higher than a year ago. A surge in Brazil’s exports helped ease the pressure, though future tariffs may reverse that.