In September, beef prices rose for the fourth consecutive month, reaching $6.9 per kilogram, the highest level since early 1960 (no earlier data). This represents a 0.6% increase from last month and a nearly 10% increase from the same period last year.
Rokkotiyanskaya explained: "The global rise in beef prices is the result of multiple factors: inflation, long production cycles, increased consumer demand in the United States and China, and high dairy prices. Dairy, as a substitute for meat, has reduced the number of livestock slaughtered."
In addition, climate change has caused droughts, reducing pasture areas and driving up feed costs. For example, the United States, one of the world's largest beef producers, has seen its total number of dairy cows drop to the lowest level since 1951 due to these factors.