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Beef Prices Stay High

September 11,2015-

Screen Shot 2015-09-11 at 12.34.41 PMAmerica can’t get enough hamburger meat as USDA reports beef prices are up on strong US demand.US producers can’t seem to supply all that US consumer demand as Australia is enjoying a banner year exporting beef to the US. Australian beef prices are up 40% this year.The US accounts for 25% of the world’s beef consumption.
The US Bureau of Labor Statistics says ground beef prices doubled from just over $2 lb in 2010 to $4.26 as of July 2015.The high price is some rare good news for dairymen who cull their herd to make hamburger.
In July 2013, ground chuck sold for $3.42 and it is $4.26 today, Meanwhile bacon over that same period has actually dropped in cost as pork prices have moderated since a virus hit the pig population. Pork ribs make an attractive alternative to that steak if price is an issue.

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