Another Year of the Chicken: U.S. Beef Supply Will Fall Again in 2015

Ground Beef - Public Domain

It’s been an expensive year to eat beef, and 2015 doesn’t look any cheaper.

The U.S. Department of Agriculture expects (PDF) the beef supply to decline 3.6 percent, or 1 billion pounds, next year as domestic production decreases and imports are constrained by tight global supply. It looks almost certain that beef’s downward trend will stretch at least another year. The retail price of ground beef was up 17 percent in September from a year earlier, and steaks and roasts (PDF) also got pricier, according to the U.S. Bureau of Labor Statistics.

(Read the rest of the story here…)