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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.
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%.
The price of beef and veal grew 1.9% year over year but fell 1.1% month over month, the biggest monthly decline since June of 2022. A pound of 100% ground beef chuck cost $5.59 in October, a penny ...
Dry-aged beef is typically not sold by most supermarkets in the U.S. today, because it takes time, the meat loses weight, and there is a risk of spoilage. Dry-aging can take from 15 to 28 days, and typically up to a third or more of the weight is lost as moisture. This type of beef is served in higher-priced steakhouses and by select restaurants.
Beef prices are high and likely to go much higher. That all-beef hamburger patty will sizzle on the grill, and cause a burn on your budget. New government figures show the price of beef rose about ...
In the 1960s, the cheaper wet-aging process largely displaced dry aging as dry-aged meat is 15–25% more expensive than wet-aged beef: dry hanging rooms are expensive; meat weight is reduced through evaporation; and some proportion of meat spoils. [4] [3]
"This could send beef prices to record levels in 2024 and 2025, as we hit the supply bottom of the current cattle cycle," Nelson warned. RELATED: How to Make an Inexpensive Steak Taste Expensive
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