The Omaha Steaks President President and CEO Nate Rempe warns that America has some ‘work to do’ to rebuild its meat support.
Meat prices will remain higher Around the country, with staples such as steak, chicken, and ground beef worth more than they did last year. But an industry leader believes that relief can come for shoppers, even if it is not immediately.
“The number of cattle in the United States is never seen since the 1950s,” says Nate Rempe, President and CEO in Omaha Steaks, on “Mornings with Maria. “
“That supply pressure is to place a large price high pressure, especially if the need is very strong in the US”
According to the Bureau of Labor Statistics, meat prices add year-up with steak up 7%, ground beef 10%, the chicken approximately 3%. Rempe believes that the issue is superior to Tarko and trade policies.
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Ohama Steaks CEO warns meat prices can remain tall up to 2026 in an interview with “mornings with Mary.” (Mornings of Maria / Fox News)
“The supply is a fraudulent issue. You just can’t flip a switch, adjust a tariff,” he said. “We need to build the herd. And that (go) will happen next to 12 months.”
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The herd of American cattle hitting historic lows this year, according to the US Department of Agriculture. The most recent USDA report shows a multi-year standard of reducing the number of cows and heifers. At the same time, new tariffs imposed on Trump Administration the complexity of the market. The US imports a lot of meats from Canada and MexicoTwo countries affected by trade trade changes.
Despite uncertainty, the remps predicting the market can start healing next year as ronchers focusing on growing herds.
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“What I think through Q3 26, we begin to get out of it,” he said.
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While recognizing the short term strain of tariffs, Rempe also expresses support for efforts to revise trading deals.
“I like to export. I like what is done for the industry and for the country,” he said. “Foreign buyers are likely to pay more for beef. That’s good for meat packers and for ranchers … but we need to weigh.”
The cow’s cow industry supports more than one million jobs, noticed, but warned that the supply must obtain need.
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“America loves meat, and you know something I love,” he said. “But we need to have the supply to do that, and we have a task to do.”
Fifth generation cow rancher Steve Lucie Emokeed semil in semil in this early years. Speaking of “America Report,” Lucie Ranchers encourage To “stay calm” between the uncertainty in the market.
The fifth generation Rancher Rancher Steve Lucie is talking about the effect of the cow industry in ‘America Reports.’
“Many developments in our country, and especially in my industry,” he said. “Farmers and ranks every day, we face change in the commodity price. So, it doesn’t bother us.”
Although he recognizes tariffs can bring short pain, Lucie believes they are a step toward making an increased level of play for the industry.
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“I don’t think anyone knows what (goes) to happen to these tarko,” he said. “But what we know for a fact is that the American beefronty industry is at a short end of time.”
