As consumers shop at the meat case this holiday season and into the New Year, they'll see lower retail prices on beef, including popular holiday cuts like the tenderloin and rib roast.
November 2016 was the largest beef production month since 2010, prompting the U.S. Department of Agriculture to raise its beef production forecast for 2016 in its World Agricultural Supply and Demand Estimates (WASDE), released December 9. As a result, industry experts at CattleFax, a beef industry analyst firm here, reported today beef prices are down more than 10 percent from the highs of late 2014.