Increased Beef Imports Still Haven't Brought Relief for High Consumer Prices
Farm Bureau tracking at 41 grocery stores in 22 states found ground beef fell just 16 cents a pound, with no change at 30 stores.
- The Farm Bureau Federation tracked ground beef prices at 41 grocery stores across 22 states, finding average prices dropped just $0.16 a pound, from $7.29 to $7.13.
- America's cattle inventory hit a 75 year low in January, while four meat packing companies control about 85% of beef processing, keeping prices elevated despite tariff-free imports.
- There was no change in prices at 30 of the 41 monitored stores, suggesting import efforts are not moving the needle for consumers.
- Farmer Jim Bourne told Scripps News that packers will likely mix imported beef with domestic meat and "pocket the savings," leaving consumers without significant relief.
- It is unclear if imported beef will be labeled as such for American shoppers, and the four meat packing companies have not commented on handling the foreign supply.
12 Articles
12 Articles
AFBF: Farmers Renew Call to End Increased Beef Imports
WASHINGTON — American Farm Bureau Federation President Zippy Duvall called on President Trump to roll back plans to import an additional 300,000 metric tons of beef into the United States. An American Farm Bureau Federation analysis shows increasing imports has had little impact on ground beef prices at the grocery store. Meanwhile, cattle prices have […]
Farm Bureau: Increased beef imports haven’t lowered consumer prices
The American Farm Bureau Federation says President Trump’s action to increase beef imports has yet to provide meaningful savings for consumers. AFBF economist Faith Parum tells Brownfield they’ve been tracking ground beef prices since September 2nd. “Our average price of 41 grocery stores started at about $7.29. We’re only down to $7.13. A small decrease, […] The post Farm Bureau: Increased beef imports haven’t lowered consumer prices appeared f…
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