CNBC Explains Rising Beef Prices, But Leaves Out a Key Cause

Published On: August 4, 2026
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Cattle on Feedlot

In “Americans are paying record prices for steak. Here’s why demand isn’t cracking,” CNBC reporter Brandon Gomez explains that beef prices are soaring because the U.S. cattle herd has fallen due, in large part, to drought, which has dried up grazing land and increased feed costs. But Gomez leaves out important context.

In “Americans are paying record prices for steak. Here’s why demand isn’t cracking,” CNBC reporter Brandon Gomez explains that beef prices are soaring because the U.S. cattle herd has fallen due, in large part, to drought, which has dried up grazing land and increased feed costs. But Gomez leaves out important context.

In the television segment and accompanying article, drought is presented as an external force acting upon the beef industry—as though ranchers are simply victims of bad weather. Here’s what’s missing: the beef industry itself is one of the world’s largest drivers of climate change, which increases the risk and severity of drought.

By portraying drought solely as something happening to the beef industry, CNBC reinforces a narrative in which cattle producers are passive victims rather than participants in a system that contributes substantially to climate change.

That framing shields viewers from understanding the full environmental costs of beef production and leaves consumers without the context needed to evaluate the industry’s role in the very crisis driving higher prices.

CNBC correctly explains the mechanics behind today’s record beef prices. However, by failing to acknowledge the beef industry’s role in worsening drought, it presents viewers with only half the picture.

CNBC: When journalism highlights the costs imposed on an industry while ignoring the costs that industry imposes on society and the environment, it isn’t providing crucial context; it’s offering industry-friendly framing.

CNBC, Brandon Gomez or any industry connected to this story is invited on to respond. We would love to dialogue with you.

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About the Author: Jane Velez-Mitchell

Jane Velez-Mitchell is an award-winning TV journalist and New York Times best-selling author. She is the founder of UnchainedTV and the host of several shows on the network.
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