Articles Tagged with ''beef market''

If current trends persist, herd rebuilding will resume in 2025.

The June 2024 average price for all types of ground beef sold at retail was $5.71 a pound, 5% higher than a year ago.

Increase in imports of feeder cattle bolsters feedlot placements and feedlot inventories overall.

Producers hold cattle on feed for longer due to lower grain prices and reduced slaughtering.

Wholesale beef prices, especially the price of high value cuts such as ribeye steaks or tenderloin, has been drifting counter seasonally lower. 

The inventory included 7.2 million steers and steer calves.

Looking at the 52-week period from November 2022 to November 2023, fresh beef prices averaged $6.19 per pound.

September 2023 U.S. beef exports were 232 million pounds, 13% lower than the average from 2018–22, according to USDA.

March 2023 was the third-highest sales month in the brand’s history at 112.3 million pounds.

The UK exported USD $25.9M worth of red meat to the U.S. in the first eight months of the year, with beef making up over a quarter of the shipments.