The retail price of 100% ground beef in the United States has risen significantly in the last two decades. In 2024, a pound of ground beef cost **** U.S. dollars, up from **** U.S. dollars in 2008. Cattle and beef production in the U.S. In 2022, there were almost ** million beef cows in the United States. Compared to sheep, pigs, and chickens, cows are very expensive to raise and require much more water, feed, and land per calorie generated. Though beef production fluctuates from year to year, there has been a positive trend in beef production in the last several years in the United States. U.S. beef market In terms of retail sales, beef is the leading type of fresh meat in the United States. On average, beef generates about *********** U.S. dollars in sales per store per week, compared to approximately *********** dollars for chicken, and less than ************* dollars for pork. As of 2021, per capita consumption of beef in the United States amounted to about ** pounds per year.

United States Consumer Price: Average: Ground Beef, Lean & Extra Lean data was reported at 5.245 USD/lb in Nov 2018. This records a decrease from the previous number of 5.252 USD/lb for Oct 2018. United States Consumer Price: Average: Ground Beef, Lean & Extra Lean data is updated monthly, averaging 2.912 USD/lb from Jan 1991 (Median) to Nov 2018, with 335 observations. The data reached an all-time high of 6.195 USD/lb in May 2015 and a record low of 1.973 USD/lb in May 1996. United States Consumer Price: Average: Ground Beef, Lean & Extra Lean data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.P001: Consumer Price.

The timeline shows the annual averages of beef price spreads in the United States from 2006 to 2023. The beef price spread from wholesale to retail amounted to 345.4 U.S. cents per pound of retail equivalent in the United States in 2023.

Beef rose to 296.10 BRL/15KG on July 22, 2025, up 0.75% from the previous day. Over the past month, Beef's price has fallen 5.82%, but it is still 28.52% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Beef - values, historical data, forecasts and news - updated on July of 2025.

This statistic depicts the average annual prices for meat (beef) from 2014 through 2026*. In 2024, the average price for meat (beef) stood at 5.93 nominal U.S. dollars per kilogram.

In Canada, one kilogram of ground beef cost an average 11.72 Canadian dollars in March 2024. Ground, otherwise known as minced, beef is often considered a cheaper and more versatile alternative to other cuts of beef. For example, prime rib roast cost an average 43.16 Canadian dollars per kilogram in February 2022, over three times as much as ground beef. Trends in Canadian meat consumption As of 2022, beef was the second most consumed meat in Canada, after chicken. Beef consumption has been decreasing though, at just about 25.7 kilograms per capita in 2022. This is compared to almost 40 kilograms per capita in1980. Just under half of Canadians stated that they consume meat daily when surveyed. With up and coming trends in eating behavior in Canada , such as vegetarianism and veganism, it is possible that consumption will decrease in the coming years and decades.

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

The average retail price for one-kilogram prime rib roast was 43.16 Canadian dollars in February 2022 in Canada. Prime rib roast is a relatively expensive option when compared to other cuts of beef, such as ground beef, which retailed at a price of 12.52 Canadian dollars per kilogram in February 2022.

What is prime rib?

Also known as a standing rib roast, prime rib is cut from the primal rib section of the animal and can be bought with or without the bone for home-cooking. Prime rib can be a popular choice for a dinner party due to its high quality and generally large size.

Canadian beef market

The volume of beef produced in Canada gradually increased over the past years. In 2020, however, production dropped slightly to around 1.3 million metric tons. The majority of beef cows can be found in Alberta; there where around 1.44 million on Albertan farms as of January 2021. A fair share of beef produced in Canada is then exported: in 2021 around 614.8 thousand metric tons were shipped around the world.