Consumers preference is vastly changing the way food is raised and eaten in America. Meat has been a main source of protein throughout history, yet the number of farm animals in the U.S. continues to decline.
Choice boxed beef prices increased $1.07 on Tuesday to hit $233.20. The jump brought the 27-day average price to $242.87. Select boxed beef prices saw a 47-cent rise from $228.97 on Monday to $229.44, bringing the 27-day average price to $239.20.
Choice primal chuck saw the largest increase on Tuesday of $3.84 to hit $195.13. Chioce primal rib was not far behind with a $1.93 increase. Choice primal loin did not fare as well, dropping $2.09 to hit $305.77.
By Derrell Peel, Oklahoma State University Extension
The July Cattle report confirms that U.S. cattle herd inventories are growing. The inventory of all cattle and calves on July 1 was 98.4 million head, up 2.2 percent from last year. The 2015 calf crop is estimated at 34.3 million head, up 1.2 percent from last year. Beef cow numbers were estimated to be up 2.5 percent at 30.5 million head.
By Mary Hightower, University of Arkansas Extension
Tom Vilsack, U.S. Secretary of Agriculture, has declared August 2-8, 2015, "National Farmers Market Week." This year marks the 16th annual celebration that honors the important role farmers’ markets play in local economies.