Beef Prices Going Up In 2024. Broiler growers in the united states weekly program placed 188 million chicks for meat production during the week ending july 13, 2024, up 1 percent from a year ago. That is especially true of the need for lean beef trimmings as the cowherd shrinks further.
The latest consumer price index report from the bureau of labor statistics shows beef and veal prices are up 7.7% compared to january 2023. Oklahoma beef cattle on the hoof were worth about $3.3 billion in january 2022, the most recent estimates, more than hogs and pigs, broilers, hay, winter wheat, cotton, corn and soybeans.