One of the major problems for Beyond Meat (NASDAQ: BYND) and the plant-based meat industry in general is the premium consumers must pay over standard beef. Beyond Meat's ground beef equivalent costs around $7 to $8 per pound at Walmart, and more at other retailers.

China will impose an added 55% tariff on beef imports that exceed quota levels from key supplier countries including Brazil, Australia and the U.S. in a move to protect a domestic cattle industry slowly emerging from oversupply.

Brazil is a beef-exporting juggernaut, but the country’s ability to tame global prices may soon be tested, Bloomberg reports, noting that the country is about to enter a period of shrinking supplies.

The U.S. Department of Agriculture is issuing a nationwide, high-risk recall for nearly 3,000 pounds of ground beef after discovering it may be contaminated with E. coli. E. coli is a type of bacteria that can cause severe stomach cramps, diarrhea and vomiting, the recall warns.

China imposes 55% tariff on beef imports exceeding quota levels from Brazil, Australia, and the U.S., aiming to protect its domestic cattle industry.

Shoppers in several states may be eligible for part of an $87.5 million antitrust class action lawsuit settlement with several beef processors.

There are so many ways to use beef. Among the multitude of cuts available from your butcher, there are just as many ways to make them shine.

“We are coming out of the phase of excess, and the phase of scarcity hasn’t even begun,” said César de Castro Alves, manager of agronomic consultancy at Itau BBA bank. Scarcity, he added, is likely to last a few years.