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 various factors that influence Canadian beef prices, including supply and demand, exchange rates, energy costs, and government regulations, and how they fluctuate over time.

High prices have consistently elevated revenues for cattle producers over the current period but also discouraged herd rebuilding and drained cattle supplies. Cattle prices have surged due to reduced herds in North America, influenced by persistent droughts impeding effective herd rebuilding. Although producers are generally inclined to rebuild, the volatility of high prices, along with the unpredictability of future drought impacts, has discouraged extensive retention practices. Profit has also been pressured by elevated input costs, particularly feed, which remains significantly above pre-2020 levels. Compounding these challenges is the difficulty in passing increased costs onto consumers, who have shown a growing propensity to switch to alternative proteins. This, combined with the inherent volatility in agricultural outputs due to extreme weather events, continues to strain the financial health of producers despite elevated cattle prices. Overall, revenue has climbed at a CAGR of 4.6% over the five years to 2025, including an increase of 2.3% to an estimated $25.8 billion in 2025 alone as beef prices remain on the rise. Consumer behaviour around beef is being reshaped by health perceptions and sustainability concerns exacerbated by economic factors. Persistent health advisories recommending reduced red meat consumption influence both domestic and global market demands, pushing consumers towards substitute proteins. Awareness around sustainability is intensifying interest in plant-based alternatives as environmentally friendly consumption gains traction. While inflation has moderated overall, beef prices continue to rise in response to supply-related constraints, making the protein more costly and steering some consumers toward more affordable options. Industry associations and producers are focusing on marketing beef’s value, quality and affordability to retain consumer interest amid these shifting preferences. The future outlook for the cattle industry will be strongly influenced by red meat prices which will see initial short-term price increases and then expected to ease over time, ultimately resulting in higher price levels in 2030 compared to 2025. These trends are driven by supply constraints and shifting global demands, while herd rebuilding efforts will gradually moderate the huge price increases of the current period. Concurrently, sustained pressures from consumer sustainability concerns are likely to continue spurring interest in alternative proteins, propelling producers toward adopting emission-reducing production methods. Nonetheless, rising disposable incomes, especially in emerging export markets, present opportunities for Canadian producers by increasing demand for premium beef products. These markets promise to buffer challenges faced in traditional markets by amplifying the demand for high-quality, sustainable and organic beef. Capturing these opportunities will require focusing on market diversification, sustainable practices and product differentiation. Additionally, anticipated global population growth supports heightened protein demand overall, positioning Canadian beef exporters to thrive, provided they navigate competitive market dynamics and consumer preferences adeptly. Revenue is expected to climb at a CAGR of 0.4% to reach $26.36 billion over the five years to 2030.

The Canadian beef market amounted to $6.6B in 2024, picking up by 4.3% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beef consumption peaked at $6.7B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

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 shows the annual consumer price index of fresh or frozen beef in Canada from 2003 to 2024. The annual consumer price index for fresh or frozen beef was measured at *** in 2024, an increase from ***** the previous year.

This statistic shows the annual consumer price index of meat in Canada from 2003 to 2024. The annual consumer price index for meat was measured at *** in 2024, an increase from ***** the previous year.

In March 2024, the average retail price for sirloin steak in Canada was approximately **** Canadian dollars per kilogram. Retail price of other meats Generally, the average retail price for round steak in Canada is cheaper than that of sirloin steak: in February 2022, the cost per kilogram stood at just under **** Canadian dollars. At over ** Canadian dollars, the price per kilogram for round steak was substantially higher. While the price of steak has decreased over the past few years, the average retail price of prime rib roast has gone up. In February 2022, one could expect to pay over ** Canadian dollars per kilogram, which was roughly a ** dollar increase compared to 2015. Per capita consumption in Canada While beef was consumed regularly by Canadians in 2022, yearly per capita consumption of the meat type has decreased over the last couple of decades. In contrast, yearly consumption of chicken per person has increased by roughly ** pounds between 1998 and 2022.

Beef Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Get statistical data on weekly cattle prices in Ontario.

Data includes:

• Ontario large and medium frame feeder and fed cattle prices
• market price
• feed cost
• feeder steer margin

Statistical data are compiled to serve as a source of agriculture and food statistics for the province of Ontario. Data are prepared primarily by Statistics and Economics staff of the Ministry of Agriculture, Food and Rural Affairs, in co-operation with the Agriculture Division of Statistics Canada and various government departments and farm marketing boards.

This table contains 8 series, with data for years 1930 - 1990 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (4 items: Montreal;Toronto;Winnipeg;Calgary); Type of livestock (4 items: Slaughter steers, good;Slaughter cows, good;Feeder steers, good;Calves veal, good and choice).

This product provides information on Alberta Slaughter Cattle Prices, for a ten year period. Comparison of Steers, Heifers, Cows D1/D2 and D3, Feeder Cows and Bulls Prices per 100 Lbs Live; and monthly prices for the most recently published year are included.

Live Cattle fell to 224.90 USd/Lbs on July 22, 2025, down 0.14% from the previous day. Over the past month, Live Cattle's price has risen 1.27%, and is up 20.69% compared to the same time last year, 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 July of 2025.

In 2024, the Canadian preserved beef market decreased by -5.8% to $27M for the first time since 2017, thus ending a six-year rising trend. The market value increased at an average annual rate of +2.0% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the market value increased by 6.9% against the previous year.

This table contains 211 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years), and was last released on 2014-01-06. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (211 items: Meat; fish and dairy products; Primary meat products; Beef and veal; fresh or frozen; Meat products ...).

This table contains 289 series, with data for years 1956 - 1997 (not all combinations necessarily have data for all years), and was last released on 2000-02-18. This table contains data described by the following dimensions (Not all combinations are available): Geography (6 items: Canada; Ontario; Atlantic Region; Quebec ...), Commodities (279 items: Meat; fish and dairy products; Meat products; Beef; veal; mutton and pork; fresh or frozen; Primary meat products ...).

Monthly average retail prices for selected food 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.

This statistic shows the average retail price for stewing beef in Canada from January 2017 to June 2024. In March 2024, the average retail price for stewing beef in Canada was 16.68 Canadian dollars per kilogram.

Canada Consumer Price Index (CPI): Food: PS: Meat: FM: Fresh or Frozen Beef data was reported at 275.200 2002=100 in Mar 2025. This records an increase from the previous number of 268.600 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): Food: PS: Meat: FM: Fresh or Frozen Beef data is updated monthly, averaging 79.600 2002=100 from Jan 1971 (Median) to Mar 2025, with 651 observations. The data reached an all-time high of 275.200 2002=100 in Mar 2025 and a record low of 18.700 2002=100 in Jan 1971. Canada Consumer Price Index (CPI): Food: PS: Meat: FM: Fresh or Frozen Beef data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I002: Consumer Price Index: 2002=100.

This statistic shows the average retail price for round steak in Canada from ************ to *************. In *************, the average retail price for round steak in Canada was ***** Canadian dollars per kilogram.