Pork Prices Down, Beef and Poultry Up

USDA released its monthly Consumer Price Index for food, showing consumers paid less for pork in December than in November, but more for beef and poultry. Beef and veal prices increased 0.5 percent from November to December and are 3.5 percent higher than this time last year. Greater year-over-year cattle placements in feedlots in the fourth quarter of 2017 indicate that the number of cattle outside of feedlots available for placement remains large. Thus, the forecast is higher for commercial beef production in 2018 due to slightly higher expected carcass weights combined with more cattle being put on the market and greater expected slaughter.

An industry-wide study of the beef production chain shows that dairy cattle are producing more than just large quantities of milk — they are contributing to a growing level of quality in the nation’s beef supply. Lauren Williams has more for SFN…