Beef Isn’t For Dinner Anymore

Pork is in …

Americans’ love affair with beef is fizzling.

In the U.S., a country known for drive-thru burger joints and over-sized steaks, demand for the meat on a per-person basis is slumping to the lowest in more than four decades. With consumers bracing themselves for another slow patch in the economy, shoppers are increasingly choosing cheaper pork and chicken as alternatives.

Both beef and pork prices soared in 2014 after years of drought whittled the U.S. cattle herd down to a six-decade low, and a piglet-killing virus tightened hog supplies. While producers of both animals expanded to capture profits, pigs multiply far more rapidly. Pork output will be a record in 2015, while beef production is set to shrink from last year. Beef’s premium to pork is more than 20 percent higher than the 10-year average, and as job growth slows, Americans are opting to buy the cheaper meat. Read more –

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