Beef prices in the U.S. rise, pork prices fall

Source: nguoichannuoi.vn Futures prices for beef continue to rise as the U.S. Department of Agriculture (USDA) lowers its forecast for beef production in 2025 and 2026, tightening the supply. Beef prices are rising in line with live cattle prices, while feed prices are falling after the USDA forecast a record U.S. corn harvest this fall. Mr. Doug Houghton, an analyst at Brock Associates, said: "Beef prices remain very high and boxed beef prices have suddenly surged again." Scarce supply is driving beef prices higher, while falling corn prices have helped boost beef industry profits, although Mexico has recently stopped importing beef to control the spread of the New World screwworm, which harms livestock. Demand for high-end beef remains stable, contributing to the price increase. The U.S. Department of Agriculture (USDA) predicts that the supply will become even scarcer in the near future. In the latest USDA monthly report, beef production in 2025 is estimated at 25.926 billion ...