US Beef Prices Expected to Jump Because of Supply Concerns

US Beef Prices Expected to Jump Because of Supply Concerns
An employee cuts fresh beef into large pieces at a meat processing plant in Corydon, Ind., on Jan. 31, 2022. Amira Karaoud/Reuters
Andrew Moran
Updated:
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Beef prices are expected to jump in the coming months as domestic supplies continue to shrink, according to a recent U.S. Department of Agriculture (USDA) report.

This year, total red meat and poultry production is forecast to fall for the first time in close to a decade, the USDA reported in its biannual outlook on dairy, livestock, and poultry.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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