As consumers shop at the meat case this holiday season and into the new year, they will see lower retail prices on beef, including popular holiday cuts like the tenderloin and rib roast. The National Cattlemen’s Beef Association says November 2016 was the largest beef production month since 2010. As a result, industry experts at beef industry analyst firm CattleFax say beef prices are down more than 10 percent from the highs of late 2014. Beef production is currently on an upward trend, with production projected to rise six percent in 2016 and another four percent in 2017, according to CattleFax.
NCBA President Tracy Brunner says: “It’s an ideal opportunity for consumers to take advantage of lower prices at the meat case.” In addition to favorite holiday cuts, consumers will also find good deals on lean beef cuts, such as top sirloin and strip steak.
Source: NAFB News Service