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A pound of 100% ground beef chuck cost $5.59 in October, a penny more than in September. Fresh whole chicken went from $1.98 to $1.99 per pound, maintaining the same pricing as January 2024.
Meat prices are currently 7.5% higher than this time last year. The country's cattle inventory is shrinking and has been for a while. In its third straight yearly drop, the latest cattle report by ...
Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle ...
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
The minimum tick size for the contract is $0.00025 per pound ($12.50 per contract). Trading on the contract are subject to price limits of $0.045 per pound above or below the previous day's contract settlement price.
The USDA reports that beef production in 2024 is forecast to be about 3% lower than in 2023, and last year also marked the fifth straight year of a decrease in available beef cows.
Sale prices for calves sold from a cow–calf operation are subject to fluctuation as part of the cattle cycle of financial markets. [12] The relatively long period it takes a cow–calf operator to build up a beef herd and raise new calves to the desired weight tends to extend the length of such a cycle. [1]
Uncooked beef roasts led that monthly jump with a 6.5% increase from June to July. Beef steaks were up 2.3%, while other cuts of beef and veal were up 3.6%.