Beef in the US has become cheaper than pork and chicken meat

U.S. retail beef prices have plunged below 2021 levels. Experts attribute this to inflation, as well as the expected reduction in the number of cattle in 2023. According to thecattlesite.com, beef has become cheaper in the country than pork and chicken meat. Due to an abnormal drought, by the end of 2022, beef production in the United States reached a record high. Livestock farmers, unable to feed their livestock, were forced to drastically reduce their livestock, which led to an excess of meat on the market. “We are on track to produce a record amount of beef this year, over 28 billion pounds,” livestock economist David Anderson was quoted as saying by thecattlesite.com. At the same time, wholesale prices for beef decreased significantly compared to last year. According to Anderson, this will soon be reflected in retail prices. “In recent months, beef has become cheaper than pork and chicken, as beef prices have dropped significantly. Retail prices for pork and ...