08/23/2026
In 1995 a gallon of diesel cost $1.37. A pound of ground beef cost $1.37.
Today diesel is $5.45. Ground beef is $6.88.
So yes, beef went up. Nobody is hiding from that. But look at what else did, and look at who set it.
Electricity: 9.4 cents a kilowatt hour in 1996, 19.7 cents in July of this year.
Regular gas: $1.11 in 1995, $4.05 now.
Property taxes: American homeowners paid $442 billion in 2010 and $797 billion in 2024. Up 30% between 2019 and 2024 alone, faster than wages and faster than inflation. The average single family tax bill is $4,427 a year.
Not one of those got a Friday morning announcement.
Beef did.
Yesterday, the President posted that the United States will allow up to 300,000 metric tons of foreign product for ground beef into the country with no out of quota tariff for the next 90 days, and that there is a commitment it will sell 25% below market. He called it a deal to substantially lower the price of ground beef for working American families.
Let us do the arithmetic he did not do.
300,000 metric tons is 661 million pounds. Divide it across 350 million Americans and it comes to 1.9 pounds per person. Not per month. Total. That is roughly seven quarter pound patties per American spread across an entire 90 day window. About one hamburger every twelve days.
Now price the relief. If that beef truly lands 25% under a $6.88 market, the discount is $1.72 a pound. Multiply by 1.9 pounds and every American saves three dollars and twenty five cents. Over three months. Call it thirteen dollars a year if it never stopped, and it stops in 90 days.
Three dollars and twenty five cents.
Set that next to a $4,427 property tax bill. Set it next to what the power company took last month. Set it next to $39.89 trillion in national debt, which works out to $286,000 per American household. Three dollars and twenty five cents is the relief on offer, and the bill for it gets sent to the only people in the chain who actually raise the animal.
And here is the part that should end the argument. We already ran this experiment.
American beef imports are at an all time record. 1.7 billion pounds in the first quarter alone, up 15.3% from a year ago, with USDA projecting another record for the full year. Imported beef now makes up roughly 17% of the total US supply, about double what it was a few years back.
Brazil filled its quota in the first week of January and then kept right on shipping for the rest of the year at the full 26.4% out of quota tariff, and still finished the quarter as our number one supplier at 394 million pounds. Mexico is up 23%, partly because we closed the border to their feeder cattle so they packed the beef themselves instead. Argentina roughly doubled after February’s quota expansion and is still only 4.3% of what we bring in, while Brazil and Uruguay fell by nearly as much as Argentina gained.
That is the whole story. As Oklahoma State’s Derrell Peel put it, changing the quotas changes which country the beef comes from. It does not change how much comes in.
The out of quota tariff was never the thing holding the beef back. Buyers were paying it and importing anyway, at record volume, because they needed the product that badly. And ground beef went to $6.88 regardless, up 10.1% from a year ago.
You cannot fix a supply shortage by removing a tariff people were already paying. The beef is not sitting in a warehouse in Sydney waiting on a paperwork change. There is not enough of it in the world, because the cattle do not exist.
That is the part nobody wants to say out loud.
In 1980 the cattle producer got 63 cents of every retail beef dollar. By 2021 he/she got 37 cents, while the packer and retailer split the other 63. The spread between what the rancher was paid and what the consumer paid went from 88 cents a pound to $4.58 a pound. Retail beef climbed for thirty years and the man or woman who raised it got a smaller and smaller cut of it.
So when they say beef costs too much, look at what they are actually proposing to fix. Not the spread. Not the four packers who control 85% of processing. The rancher.
Meanwhile the herd is at 86.2 million head, the smallest since 1951. Beef cows at 27.6 million, lowest since 1961. The 2025 calf crop was the smallest since 1941. Beef cow slaughter is down 45% since 2022 and nonfed beef production has fallen 27%.
That is the bill coming due for drought, for input costs, for federal and state agencies squeezing ranchers off the public range one allotment at a time, and for twenty years of families doing the math and selling out.
And if you want to see policy at work, look at the range. The BLM authorized 18.2 million animal unit months of grazing in 1954. Today it runs around 8.6 million. Cut in half. Even now, the permits already on the books allow for roughly 12.3 million AUMs while only about 8.8 million get authorized, which means the forage exists on paper and the cattle are not allowed on it. The Forest Service went the same direction.
That is not weather. That is a decision, made in an office, renewed every single year.
Then the same government that took the grass turns around and says there is not enough beef.
A cow takes two years to make a calf and you cannot vote that number down.
Even NCBA said it plainly. Market interventions like this one throw cold water on herd expansion and trade long term stability for short term messaging.
Now ask the bigger question. Why did all of it go up at the same time?
Diesel, groceries, electricity, land, insurance, a set of tires, a bull. Different industries, different supply chains, different weather. They do not all move together by accident. When every price in the country rises at once, the thing that changed is not the goods. It is the money.
On August 15, 1971, Nixon closed the gold window. The dollar stopped being a claim on anything and became a promise. Since that day the dollar has lost roughly 86% of its purchasing power. A dollar your grandfather earned in 1971 buys about twelve cents worth of goods today.
Watch what happened after the leash came off.
National debt in 1971: $406 billion. National debt this month: $39.89 trillion. It grows about $16 billion a day. M2, the broad money supply, sits at an all time high of $22.67 trillion. In 1971 it was under $700 billion. And the interest alone on what we already owe runs about $1.1 trillion a year. Three billion dollars a day. Roughly fourteen cents of every federal dollar spent goes to servicing debt on things already bought and already forgotten.
Every appropriation gets sold as free. It is never free. Congress does not have the money, so Treasury issues the paper, and the purchasing power comes out of your wallet whether you voted for it or not. That is not a tax you can appeal. It shows up as a higher number at the pump and a higher number at the meat counter, and then the same people who authorized it stand at a podium and announce three dollars and twenty five cents of relief.
They created the fire and now they want to hold the rancher responsible for the smoke.
Shared from Cody Baker.