Beef prices are rising across New York City this summer, as the national cattle herd remains at its lowest level in years. According to the USDA, the country began 2026 with 86.2 million cattle, down over 8 million from seven years ago. Meat distributors in the Hunts Point market reported smaller shipments and higher costs in recent weeks.
At a Midtown steakhouse on Friday night, ribeye was listed at $78, up $10 from last summer. Chefs say they are ordering less prime beef and shifting menus toward more poultry and seafood. 'We haven’t seen supply ease since early spring,' said a purchasing manager at a major restaurant group on Monday morning.
Smaller neighborhood diners are also feeling the pinch. On Sunday, a Flatbush grill swapped its usual burger patty for a blended beef-mushroom mix. The owner cited both price and unpredictable deliveries from suppliers.
Industry analysts expect the shortage to continue through at least next year. Ranchers in key beef-producing states have not been able to rebuild herds quickly, following drought and feed shortages over the past several seasons. For now, diners can expect higher prices and slimmer beef options as the summer season continues.