Joe Biden Marvels at $5 a Pound Beef, Blames Top Four Meat Processors

President Joe Biden expressed shock on Monday that the cost of ground beef was so high, blaming consolidation in the meat market among the top processors.

The president recalled a conversation he overheard between his wife, first lady Jill Biden, and a friend, while he was sitting in the kitchen at home.

“She was saying, ‘Do you realize it’s over 5 dollars for a pound of hamburger meat?!’ 5 dollars?” Biden recalled.

“Well this is partly, you know, the pound of beef today costs 5 bucks compared to less than 4 bucks before the pandemic,” the president continued.

The cost of ground beef spiked in June 2020 and then went back down, before rising quickly again in January 2021.READ MORE