USDA Forecasts Slightly Higher Beef Prices

Randall Weiseman Beef, Cattle, Livestock, Pork, Poultry

Retail prices for beef may average slightly more than they did in 2014, according to the U.S. Department of Agriculture. Retail prices set records last year because of tight cattle supplies and relatively strong demand. In the coming year, USDA says an abundance of pork and poultry may limit beef price increases, and recent declines in gasoline prices may give people additional spending power at the grocery store.