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The U.S. Department of Agriculture was unable to offer wholesale beef and pork prices on June 1. [8] Due to predicted shortfalls in meat production and price increases, the USDA encouraged other companies to increase production. [9] JBS indicated on June 1 that most of its facilities would resume functioning on June 2. [10]
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 ...
JBS SA was forced to close all of its U.S. beef plants and facilities after ransomware attack this past weekend. The global meat producer supplies almost 25% of American beef. See: Inflation's Ups ...
Prices for beef, however, were 1.9% higher in October 2024 than October 2023 and are predicted to increase faster than most meat categories due to "tight supplies and continued demand."
The 10-pound tubes of lean ground beef are typically less than $5 per pound — to give a point of comparison, a major grocery store near me currently sells ground beef with the same fat ratio for ...
Christine McCracken, a meat analyst at worldwide agricultural financial institution Rabobank, said that U.S. meat production had declined 20% by late April 2020, and predicted that wholesale meat prices would rise. She said that especially popular items like ground beef were likely to increase in price at the retail level. [12]
Factors influencing the price of meat include supply and demand, subsidies, [2] hidden costs, [3] taxes, quotas or non-material costs ("moral cost") of meat production.Non-material costs can be related to issues such as animal welfare (e.g. treatment of animals, over-breeding).
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 ...
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