Administration targets record prices fueled by drought-shrunk herds and supply issues, with details said to be coming soon.

Products are on display at Edwards Meats in Wheat Ridge, a suburb west of Denver, on March 6, 2024.Jonathan Shikes/The Denver Post/TNS
President Donald Trump revealed on Thursday that his administration is taking steps to solve the high prices of beef, and that he expects a fall in costs.
The president did not disclose further information on the initiatives being taken as beef prices remain at record highs.