Black Kassel - Snack like Royalty
Beef Prices Soar to Record Highs

Beef Prices Soar to Record Highs


USABeef prices are hitting record highs, due to a California drought this year, as well as lower corn volumes from last year, according to CNN. Given the size of the US cattle herd and the low number of animals being slaughtered, higher prices of beef were inevitable. There has also been a significant increase in overseas demand for US beef from Asian markets. The consumer price per pound of ground beef is around $3.55, according to government readings for February. That is a 56% increase since 2010. "These record high beef prices are here to stay," said Ricky Volpe, an Economist with the USDA. "It'll be a long time until supplies will be more in line with demand once again." These higher prices are expected to eventually make their way through the entire supply chain, ultimately increasing the consumer price points for cured and raw beef. Will prices stabilize or continue to increase? Stay tuned to DeliMarket.TV as we continue to follow this story as it unfolds.
Topics:


Black Kassel - Snack like Royalty

Have a new product, press release or story idea?

Let us know

Marin French Cheese Introduces Petite Mustard Brie

The cheesemaker's latest line extension embraces a piquant flavor trend.
View Press Release

Specialty Food Association Winter Fancy Food Show Features Innovation and Disruption

The fastest-growing segment of the food industry, specialty food, is gathering in San Francisco, California, for another great show.
View Press Release

Ithaca Cold-Crafted Closes $2.7 Million In New Growth Capital From LiDestri Food and Drink

The brand is currently available at more than 3,000 retail doors across the U.S., including Wegmans, Publix, Stop & Shop, Shoprite, and The Fresh Market.
View Press Release

Califia Farms Further Diversifies Plant-Based Offerings With Launch Of New Oatmilk Line

The plant-based beverage company deepens its commitment to craft and plant-based nutrition.
View Press Release

Dewey's Bakery Expands Product Portfolio

The company introduces its new Tiki Bar collection, which brings the excitement of the seasons to the cookie aisle.
View Press Release

Brand Spankin’ New: Cypress Grove Launches Fresh Goat Cheese Cups and “Cheeseboards for Dinner” Campaign

The Humboldt County-based cheese producer making award-winning and world-renowned cheeses since 1983, will be showcasing a new addition to its fresh goat cheese line at this year’s Winter Fancy Food Show.
View Press Release