Rising Beef Prices Push Smoke Ring BBQ into Chapter 11 on December 22

Smoke Ring BBQ, known for its authentic barbecue offerings, recently filed for Chapter 11 bankruptcy, closing several locations. This move, announced on December 22, highlights the severe financial challenges in the restaurant sector, especially as beef prices continue to soar. In the US, the surge in beef prices is putting immense pressure on businesses reliant on beef products, reshaping industry dynamics.