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Woofun AI reports that the Trump administration urged major US supermarkets including Walmart, Kroger, and Albertsons to reduce beef prices during the peak summer season. Walmart subsequently announced price reductions on thousands of items, with ground beef seeing a 12% drop, which Trump cited as a response to government requests.
Despite these measures, US ground beef prices increased by 12% year-on-year in May. This rise is attributed to the cattle herd inventory reaching its lowest level in 75 years, indicating that food inflation pressures remain unresolved.