US: New report gives insights on future beef, pork, and chicken prices

Published 2024년 8월 28일

Tridge summary

A new report from the Texas A&M University, titled 'Food Price Predictor', aims to forecast retail meat prices for key cuts of beef, pork, and chicken through the summer. The study, led by Simon Somogyi, Ph.D., and team, uses historical data and market trends to project future price changes for ground beef, chuck roast Choice, steak sirloin Choice, all pork chops, and boneless chicken breast. The report anticipates a modest increase in beef and pork prices, with a decrease in chicken breast prices. The team emphasizes that retail prices can vary based on factors like retail location and price discounting. This research is designed to help consumers better understand meat price fluctuations and plan their budgets accordingly.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A new report from the Texas A&M College of Agriculture and Life Sciences Department of Agricultural Economics will help consumers understand and prepare for anticipated changes in the price of key cuts of beef, pork and chicken for summer and beyond. The Texas A&M University Food Price Predictor study integrates historical data, current market trends and predictive models to offer a detailed projection of future retail meat prices. Timed with grilling season, this report assists consumers in effectively planning for summer barbecues. The lead author for the report is Simon Somogyi, Ph.D., director of the Weston Agrifood Sales Program and Dr. Kerry Litzenberg Sales and Economics Endowed Chair in the Department of Agricultural Economics. Co-authors included David Anderson, Ph.D., professor and Texas A&M AgriLife Extension Service specialist – livestock and food product marketing; Yong Liu, Ph.D., assistant professor; and Weifang Liang, a doctoral student – all in the department. The ...

Source: Thepigsite