The U.S. Department of Agriculture’s recent outlook for our nation’s meat sector indicates rising consumer demand continuing both in the United States and in global markets. Rod Bain reports. Consumer Demand for US Meat Continues To Grow
Higher Supplies Keeping Consumer Meat Prices Lower
Higher supplies of meat will continue to pressure consumer prices lower, according to a forecast by the Department of Agriculture. The USDA Economic Research Service Food Price Outlook predicts beef and veal prices to decrease one to two percent in 2017 but increase the same amount in 2018. That’s because, in August, the U.S. cattle herd was at its highest …