Alex Ossola

Sarah Nassauer, who covers Walmart for the Journal, says it's a milestone.

If you eat beef, you may have noticed that its price has gone way up.

The Labor Department said last week that ground beef prices in January rose 17 percent from a year earlier.

That's a much bigger increase than groceries overall.

Those were up 2.1 percent.

And it's looking like these high prices may be here to stay.

Patrick Thomas, who covers the food supply chain for the Journal, is here to discuss.

OK, Patrick, what is pushing these prices so high?

Does it look like things might stay this way or are ranchers looking like they're going to expand their herds?

What about efforts to lower prices?

Earlier this month, President Trump signed an executive order allowing more beef imports.

How much could that help and has it so far?

You said it was a luxury product at a time when people are feeling like their purse strings are feeling pretty tight.

I mean me personally I really avoid buying beef as much as possible at the grocery store.

How are people responding to this?

K-shaped beef consumption.

That was WSJ reporter Patrick Thomas.

Thanks so much, Patrick.

Coming up, what's got Uber's stock in a slump and how jet engines are being used to power AI data centers.

That's after the break.