Beef traded flat at 311.15 BRL/15KG on June 6, 2025. Over the past month, Beef's price has fallen 1.46%, but it is still 44.52% 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 June of 2025.

Learn about the live weight price of cattle, also known as the beef market, and its impact on the US beef industry. Discover factors affecting prices and how the futures market helps mitigate risk for buyers and sellers.

Graph and download economic data for Global price of Beef (PBEEFUSDQ) from Q1 1990 to Q1 2025 about meat, World, and price.

The U.S. beef market expanded modestly to $79.4B in 2024, surging by 4.4% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $80.4B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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.

Global beef imports amounted to 1,925 thousand tons in 2015, standing approx. at the previous year level

Live Cattle rose to 225.96 USd/Lbs on June 6, 2025, up 1.36% from the previous day. Over the past month, Live Cattle's price has risen 6.39%, and is up 24.12% 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 June of 2025.

Current price of Beef National, Fresh 90%. Daily U.S. Prices of Proc. Beef per pound, based on negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields.

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 US beef cattle production industry is currently marked by tight supply conditions and elevated prices. Over recent years, persistent drought conditions have led to significant herd liquidation, with beef cow numbers falling to historic lows. This contraction has created a bottleneck in calf production and feeder cattle availability, sustaining high cattle prices. In tandem, elevated feed costs have further pressured prices upwards, driving revenue as cattle producers seek to pass on costs and maintain their heightened profit. As herd rebuilding has remained slow, cattle supplies have remained low and kept prices high even as feed, energy and other key agricultural input costs have declined from their highs in 2022. Industry revenue has grown at a CAGR of 6.3% during the current period to reach an estimated $97.3 billion after declining by 1.0% in 2025. Consumer preferences are shifting in the beef cattle production industry. There is an increasing awareness of environmental and health-related concerns associated with beef consumption. Consequently, many consumers are reducing their intake of conventional beef, turning instead towards more sustainable and perceived healthier alternatives such as grass-fed and organic beef. This shift has spurred growth in these segments as consumers look for transparency and ethical farming practices. Retailers and restaurants have responded accordingly by offering more options that align with these consumer preferences. However, these trends also pose challenges, especially for smaller producers who face significant costs associated with transitioning to sustainable practices or achieving certifications like organic or "sustainably raised." Though opportunities for growth will continue to present themselves, the outlook for the industry as a whole does not look as positive in the next five years. Poultry, pork and plant-based proteins will threaten beef demand as they appeal to health-conscious customers, particularly as cattle prices are elevated. Climate change will also continue to introduce environmental pressures, demanding resilience and adaptability from producers. Periods of stable weather could facilitate herd rebuilding, leading to increased cattle supplies and dropping prices, but continued climatic fluctuations and extreme weather events could reduce the consistency of production and increase revenue volatility. Advancements in technology, such as drones and wearable sensors, promise to help optimize cattle management, improving operational efficiencies and animal welfare. These innovations, however, require investment and broader accessibility to ensure equitable adoption across the industry. Additionally, while global trade disruptions remain a concern due to disease outbreaks and geopolitical tensions, US producers will have opportunities in niche market segments to differentiate themselves, counterbalancing some of these pressures. Overall, revenue for cattle producers is forecast to decline through 2030 at a CAGR of 1.5% to $90.4 billion.

Fresh regular 100% ground beef excluding round, chuck, and sirloin. Includes organic and non-organic. Excludes pre-formed patties."

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Beef Market Size 2024-2028

The beef market size is forecast to increase by USD 35.4 million at a CAGR of 3.2% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for protein rich food products. Consumers' preference for high-quality, safe, and sustainable beef is driving market growth. Additionally, the adoption of advanced technologies, such as automation and traceability systems, is revolutionizing beef processing and production. However, stringent government regulations, including food safety standards and animal welfare laws, pose challenges to market players. Cattle prices and disease resistance impact meat quality. Online retail and red meat consumption continue to grow, with retail sales dominating the HORECA (Hotel, Restaurant, and Café) sector and butcher shops catering to authentic dishes. These regulations require beef producers to adhere to strict production and processing methods, increasing operational costs. Overall, the market is expected to witness steady growth In the coming years, with a focus on innovation, sustainability, and regulatory compliance.

What will be the Size of the Beef Market During the Forecast Period?

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The market In the US is experiencing significant growth driven by increasing demand for animal-sourced protein, particularly beef, due to its high nutritional value as a rich source of essential amino acids and iron. Health consciousness and various dietary patterns, including low-carb and high-protein diets, have fueled this trend. Beef-based products and multi-cuisine foods, including ready-to-eat meat items, are gaining popularity in both foodservice and retail distribution channels. The meat distribution network is adapting to these trends by offering a diverse range of beef products catering to various dietary preferences, such as antibiotic-free, grass-fed organic, and natural labels. Labeling regulations play a crucial role in consumer trust and transparency.
The market landscape is evolving with the emergence of alternative protein sources like plant-based proteins, insect proteins, and cultured meat. However, beef remains a significant player due to its rich taste and nutritional profile. Steaks and ground cuts continue to be staples in American households and restaurants. Overall, the market is expected to remain strong, driven by the growing demand for high-protein, convenient food options.

How is this Beef Industry segmented and which is the largest segment?

The beef industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Geography

  North America

    US


  APAC

    China
    India


  Europe

    Spain


  South America

    Brazil


  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market encompasses the distribution of this animal-sourced protein through various channels, including foodservice, retail, and e-commerce. In the retail sector, major players such as Tesco, Walmart, and Target offer beef-based products, often emphasizing their commitment to food safety certifications and convenience. Supermarkets, hypermarkets, specialty stores, hard discount stores, and convenience stores serve as key offline retail outlets. companies utilize promotional strategies, such as branding and discounts, to attract consumers.
Ground beef, steaks, and other cuts like loin and brisket are popular choices. The market caters to diverse dietary preferences, including low-fat, high-protein, and vegetarian/vegan diets, with alternative proteins like plant-based, insect, cultured, and lab-grown meat emerging. The meat distribution network is crucial, ensuring hygiene and packaging standards are met. Beef production includes grass-fed cattle and high-quality goods, with labeling regulations mandating nutritional content disclosure.

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The offline segment was valued at USD 176.80 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The North American market is currently the largest market globally, driven by the significant demand for animal-sourced protein, particularly In the US. Consumers' increasing health consciousness and preference for high-protein, low-fat diets fuel this demand. Beef's versatility in multi-cuisi

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China Agricultural Product Price Index: Wholesale: Livestock Product: Beef data was reported at 99.800 Prev Week=100 in 22 Jul 2018. This records a decrease from the previous number of 100.300 Prev Week=100 for 15 Jul 2018. China Agricultural Product Price Index: Wholesale: Livestock Product: Beef data is updated daily, averaging 100.100 Prev Week=100 from May 2010 (Median) to 22 Jul 2018, with 385 observations. The data reached an all-time high of 103.500 Prev Week=100 in 17 Feb 2013 and a record low of 96.100 Prev Week=100 in 05 Feb 2012. China Agricultural Product Price Index: Wholesale: Livestock Product: Beef data remains active status in CEIC and is reported by Ministry of Agriculture and Rural Affairs. The data is categorized under China Premium Database’s Inflation – Table CN.IC: Agricultural Product Price Index: Wholesale: Weekly.

Current price of Beef Central, Fresh 85%. Daily U.S. Prices of Proc. Beef per pound, based on negotiated prices and volume of boxed beef cuts delivered within 0-21 days and on average industry cutting yields.

Learn about the importance of wholesale beef prices reported by USDA for the beef industry and how it regulates and tracks beef prices, along with the weekly reports on beef prices and market trends across the United States and the impact of the COVID-19 pandemic on the beef market.

Steaks other than round or sirloin, regardless of cut or grade. Includes bone-in, boneless, organic, non-organic, fresh, and frozen."

United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data was reported at 381.590 USD/cwt in Mar 2025. This records an increase from the previous number of 374.040 USD/cwt for Feb 2025. United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data is updated monthly, averaging 198.740 USD/cwt from Jan 2000 (Median) to Mar 2025, with 301 observations. The data reached an all-time high of 381.590 USD/cwt in Mar 2025 and a record low of 93.690 USD/cwt in Oct 2000. United States Wholesale Price: Beef: Central US: Boneless: 90%: Fresh data remains active status in CEIC and is reported by Economic Research Service. The data is categorized under Global Database’s United States – Table US.P003: Red Meat Price.

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.

Average Wholesale Price: Beef: Banten data was reported at 128,000.000 IDR/kg in 16 May 2025. This stayed constant from the previous number of 128,000.000 IDR/kg for 15 May 2025. Average Wholesale Price: Beef: Banten data is updated daily, averaging 120,000.000 IDR/kg from Jul 2017 (Median) to 16 May 2025, with 1993 observations. The data reached an all-time high of 145,500.000 IDR/kg in 03 May 2023 and a record low of 110,000.000 IDR/kg in 10 May 2021. Average Wholesale Price: Beef: Banten data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PC010: Average Wholesale Price: By Regions: Beef.