(NAFB.com) – Omaha Steaks President and CEO Nate Rempe said, unfortunately, America’s beef bills will likely keep climbing. He told Fox News that the nation’s shrinking cattle supply and continued record demand are driving the possibility of ten-dollar-per-pound ground beef that could stretch family budgets for some time. “We need to get our arms around this in the U.S.,” he said. “By the third quarter of next year, American families are going to see ten dollars a pound for ground beef in the grocery store, so we’re in for a bit of a haul here.” He added that prices likely won’t come down in a significant way until 2027. “Heifer retention is a decision that the rancher and feedlot operator make to hold back female animals to help rebuild the herd,” Rempe said. “It’s a double-edged sword, because that means the supply is going to continue shrinking as fewer cattle go to market.”