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 5.61 U.S. dollars, up from 2.41 U.S. dollars in 2008. Cattle and beef production in the U.S. In 2022, there were almost 29 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 19 thousand U.S. dollars in sales per store per week, compared to approximately 10 thousand dollars for chicken, and less than five thousand dollars for pork. As of 2021, per capita consumption of beef in the United States amounted to about 59 pounds per year.

In 2024, the U.S. price for one pound of lean and extra lean ground beef amounted to 7.12 U.S. dollars. While prices per pound were between five and six U.S. dollars in recent years, consumers in the United States typically paid about two U.S. dollars back in the nineties. Ground chuck and sirloin steak Like lean ground beef, the price of other types of meat has also risen in the United States. For example, the U.S. retail price per pound of ground chuck (100% beef) amounted to approximately 5.12 U.S. dollars in 2023 and cost about half that amount 20 years earlier. The price of boneless sirloin steak has likewise doubled: from about four U.S. dollars per pound in the nineties to almost 11 U.S. dollars in 2023. Beef consumption While total beef consumption in the United States had fluctuated slightly at certain intervals over the past decade and a half, the numbers have stayed fairly close to the 26-billion-pound mark . Annual per capita consumption of beef, on the other hand, has dropped considerably. In the early 2000s, the average American consumer typically ate almost 70 pounds of beef per year. By 2019, Americans consumed closer to 55 pounds annually.

Learn about the current average price for a pound of ground beef in the United States, as well as the factors that contribute to its fluctuation including production costs, consumer demand, and availability.

This statistic depicts the average annual prices for meat (beef) from 2014 through 2026*. In 2023, the average price for meat (beef) stood at 4.9 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.

Learn about the current average cost per pound of ground beef in the United States and factors that affect its price, including quality, location, and season. Discover tips for shopping for ground beef and getting the best value for your money.

Find out the average price, factors affecting the cost of ground beef, and tips to get the best deal on ground beef in this article. Read now to learn more.

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.

Learn about factors that impact the price of organic ground beef, including location, source, certifications, demand, and seasonality. Find out the current average price and why it may be worth the investment for those who value sustainable farming practices.

Steaks were the most expensive cut of beef in the UK as of February 2024. For a kilogram of steak, consumers could expect to pay 16.78 British pounds. Mince was the cheapest beef product, at only 6.84 British pounds per kilogram.

UK beef consumption

Perhaps due to its cheap price point, mince is the most purchased cut of meat in Great Britain. The volume of mince purchased in 2020/2021 was more than double the purchases of the next most popular cut, beef burgers, and grills. In general, consumer spending on meat in the UK has increased. In 2022, spending exceeded 22 billion British pounds for the first time.

Cattle population in the UK

In 2022, the population of cattle and calves in the UK was about 9.4 million and has generally been gradually declining for almost two decades. The number of cows and bulls slaughtered annually has fluctuated during this period, however. In 2021. More than 655,000 cows and bulls were slaughtered in the UK.

This statistic depicts the average price of organic beef in the United States as of April 2023, by category type. In that year, the U.S. price for one pound of organic stew meat amounted to 6.14 U.S. dollars on average.

In the U.S. in 2024, filet mignon had the highest retail price per pound at 29.33 U.S. dollars per pound, while short ribs had the lowest at around 90 percent lower than filet mignon. There was a vast difference between the overall prices of grass-fed beef, with the majority being under 10 U.S. dollars per pound. Grass fed beef market in the U.S. Grass-fed cows can roam around eating grasses and clover; their natural diet promotes a leaner physique which might be more desired by consumers [Piedmont]. The highest wholesale price of grass-fed beef comes from whole tenderloin priced at slightly more U.S. dollars per pound compared to New York steak. The United States dominates the grass-fed beef market share worldwide at nearly 30 percent. Grass fed beef expected growth The current market value of grass-fed beef is about 12.4 billion U.S. dollars and is forecasted to grow to about by almost twice the amount by 2033; these values demonstrate the expected and increasing consumer interest in grass-fed beef across the United States.

Between December 10 and December 16, 2021, beef brisket was advertised at 8.84 U.S. dollars per pound on average at major U.S. supermarkets. In the previous year, beef brisket was priced at about five U.S. dollars per pound on average. This is almost a four dollar increase.

Fresh meat sales in the U.S. Beef has the highest retail sales of any type of fresh meat in the United States. In 2020, of all the different cuts of beef one can buy from a grocery store or butcher shop, fresh ground beef accounted for 40 percent of all sales. In comparison, sirloin beef generated only six percent of total beef sales in the United States and flank steak less than one percent of total sales. The average household expenditure on beef per trip to the grocery store was 9.39 U.S dollars in 2020.

Beef consumption in the U.S. In 2020, the average American ate 58.8 pounds of beef, up from about 58 pounds per person in the previous year. While beef is expected to remain popular and widely consumed among Americans, veal consumption has seen a sharp decrease over the last several years.

The total beef production in the United States is estimated to be 26.96 billion pounds in 2023, down from 28.29 billion pounds in the previous year. Over the last two decades, the total U.S. beef production has fluctuated slightly but remained stable overall.

Beef retail in the United States Beef has the highest retail sales of any fresh meat in the United States, as of 2021. In that year, over 30 billion U.S. dollars worth of fresh beef were sold in the United States. The retail price for 100 percent ground beef in the United States was 4.8 U.S. dollars per pound in 2022, up from 3.95 U.S. dollars in 2020. Beef brisket, on the other hand, was priced on average around 8.84 U.S. dollars per pound in major grocery retailers.

U.S. beef consumption The United States consumes more beef than any other country in the world. Consumption of beef amounted to around 59 pounds per capita on an annual basis. This was projected to decrease slowly until 2032.

In 2024, the U.S. price for a pound of sirloin steak amounted to just under 11.65 U.S. dollars. That year, the retail price of boneless sirloin steak was slightly lower than previous years. Before the 2000s, the price per pound remained between four and five U.S. dollars. U.S. beef production In 2022, the United States was the leading beef and veal producing country in the world, producing around 12.89 million metric tons of beef and veal. The entire European Union produced a total of about 6.73 million metric tons within the same period. The United States has many cows for the production of beef and milk: in 2022, the country counted almost 30 million beef cows and just under 10 million milk cows. Beef cuts In 2022, roughly 40 percent of all U.S. beef sales were generated through fresh ground beef specifically, making it the largest cut category. Other popular cuts included loin, ribeye, and chuck. Approximately six percent of all beef sales in the United States were accounted for by sirloin beef that year.

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.