It’s the Ranch It Up Radio Show Herd It Here Weekly Report! A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads. Join Jeff ‘Tigger’ Erhardt, the Boss Lady Rebecca Wanner aka ‘BEC’ by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel.
EPISODE 142 DETAILS
Retail Beef Prices Continue To Climb
According to the latest USDA data, the retail beef price composite reached a new all-time record in June, averaging $9.35 per pound. That’s up 14 cents from May and marks the highest monthly average ever recorded.
Several popular cuts saw noticeable price increases, including ground chuck, stew beef, round roast, sirloin steak, and uncooked beef roasts. Round roast posted one of the biggest jumps, climbing 35 cents a pound during the month.
The only major cut to see a price decline was chuck roast, which slipped 6 cents to $9.55 per pound.
Despite record-high prices, consumer demand for beef has remained remarkably strong.
USDA Meat Forecast For 2027
The USDA is forecasting even less beef production over the next two years as America’s cattle herd remains historically tight.
In its latest World Agricultural Supply and Demand Estimates report, USDA lowered its 2026 beef production forecast by 150 million pounds and trimmed another 185 million pounds from its 2027 outlook. Officials say fewer cattle being marketed and lighter carcass weights are behind the reductions.
Meanwhile, chicken production is headed in the opposite direction. USDA increased its forecast for both this year and next, saying poultry producers are expanding because of strong profit margins.
Pork production was adjusted only slightly lower, while turkey production saw little change overall.
Despite the shifts among species, total U.S. meat production is expected to remain nearly unchanged over the next two years.
REFERENCE: https://meatingplace.com/less-beef-more-chicken-in-usdas-2026-27-forecast/
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