Beef Price Forecast 2024. 2025 beef production to drop 6 percent from. Livestock, dairy, and poultry outlook:
Consumers have seen relief for staples such as food and gas. Steer prices are rising higher than expected this year, but will they cool off in 2024?(gary crawford and usda outlook chairman mark.
Good Says They Are Expecting Record Prices Again This Year For Fed Cattle.
Cattle herd now stands at only 87.2 million head a 73 year low.
The Annual Inflation Rate Declined Again In June 2024, As Measured By The Consumer Price Index.
The latest consumer price index report from the bureau of labor statistics shows beef and veal prices are up 7.7% compared to january 2023.
Beef Price Forecast 2024 Images References :
So What Does That Mean For Their Price Projections For 2024?
All current beef pricing trends are based on usda data as of july 17, 2024.
Exports Have Already Been Pressured In 2023 With The High Beef Price And Strength Of The U.s.
Australian beef has been a large beneficiary of this stronger import demand so far in 2024.