Record production costs, the smallest national herd in half a century, increased demand from China and Japan — whatever the reason, the price of US beef has skyrocketed to its highest level in almost three decades. February’s $5.28 per-pound price is the highest since 1987, and it is expected to remain elevated for several months. The spike comes amid growing demand for beef exports to Asia, and it worsens the financial risks for some US ranchers who are struggling to recover from record drought.
News Desk
- May 5, 2014
-
Views: 570
Beef Prices Jump 25 Percent in Q1
RELATED ARTICLES
Sporting Properties
Sold! Top Elk-Hunting Destination In Western US Sells
One of the top elk-hunting destinations in the …
Farmland
800,000+ Acres Added to Conservation Reserve Program
The current enrollment was one of the most …
Sponsored
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.
Please sign me up to receive breaking news and updates from The Land Report: