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 2025, beef prices keep rising due to low cattle inventory and strong consumer demand, posing challenges for producers and consumers alike.

The FAO Meat Price Index* started to increase in October of 2020. For the first few months of the pandemic, prices had declined. In 2021, prices further increased and the index reached an all time high of 125.4 index points in June of 2022, a few months after the start of the Russian invasion of Ukraine. Since then, the index has fluctuated and came to 117.7 in January 2025. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated facts and figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

Beef decreased 4.45 BRL/15Kg or 1.40% since the beginning of 2025, 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 March of 2025.

The revenue of the beef market in Mauritania amounted to $X in 2018, going up by X% against the previous year. In general, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, beef consumption decreased by -X% against 2016 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the beef market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

The price per pound of beef and pork are forecast to increase in the United States until about 2027 and then will decrease slightly. The price of beef is forecast to be 8.4 U.S. dollars per pound in 2028 and the price of pork is forecast to be over five U.S. dollars per pound that same year.

Learn about the reasons behind the rising prices of beef, including increasing demand, dwindling cattle populations, and rising feed and transportation costs. Discover how these factors impact consumers and the food industry as a whole.

Challenges persist for restaurant leaders as beef prices increase, prompting strategic responses despite a slowdown in food inflation.

Live Cattle increased 15.12 USd/Lbs or 7.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Live Cattle - values, historical data, forecasts and news - updated on March of 2025.

The price of all kinds of beef products increased in the 52 weeks ending on February 18, 2024 in the United Kingdom (UK). The price of minced beef increased by just over 16 percent, making it the product with the highest increase in cost over that time period.

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.

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.

The revenue of the beef market in Mongolia amounted to $X in 2018, going up by X% against the previous year. Overall, beef consumption continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Mongolia beef consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Feeder Cattle increased 23.60 USd/Lbs or 8.96% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Feeder Cattle - values, historical data, forecasts and news - updated on March of 2025.

In Jan. 2022, beef prices soared by 30%, pork by 11%, turkey gained 18%, and broiler prices skyrocketed by 62% compared to Jan. 2021. Prices to accelerate due to rising feed costs, spurred by low hay stocks.

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.

Learn about the factors affecting ground beef prices in the US, including demand, supply, COVID-19, competition, and production costs. Find out why prices are fluctuating and how they are expected to continue rising in the near future.

Peru Retail Price: Meat and Related Products: Beef: Liver data was reported at 13.300 PEN/kg in Oct 2018. This records an increase from the previous number of 13.260 PEN/kg for Sep 2018. Peru Retail Price: Meat and Related Products: Beef: Liver data is updated monthly, averaging 8.120 PEN/kg from Jan 1995 (Median) to Oct 2018, with 286 observations. The data reached an all-time high of 13.300 PEN/kg in Oct 2018 and a record low of 6.980 PEN/kg in Jan 1995. Peru Retail Price: Meat and Related Products: Beef: Liver data remains active status in CEIC and is reported by National Institute of Statistics and Information Science. The data is categorized under Global Database’s Peru – Table PE.P003: Retail Price.

In September 2024, the consumer price index for beef for cooking was 142.6. This means that since 2020, consumer prices grew by around 42.6 percent. The consumer price index for beef for braising and roasting was 132, indicating a price increase of around 32 percent, since 2020. Both have decreased compared to the previous year.

Poland Retail Price: Beef Meat without Bone data was reported at 49.240 PLN/kg in Dec 2024. This records an increase from the previous number of 48.300 PLN/kg for Nov 2024. Poland Retail Price: Beef Meat without Bone data is updated monthly, averaging 33.515 PLN/kg from Jan 2010 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 49.240 PLN/kg in Dec 2024 and a record low of 26.500 PLN/kg in Sep 2010. Poland Retail Price: Beef Meat without Bone data remains active status in CEIC and is reported by Statistics Poland. The data is categorized under Global Database’s Poland – Table PL.P001: Retail Price: Food Products: by Region.