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AFBF economists' Market Intel report says US meat demand remains strong, with 2025 meat sales reaching $112 billion. USDA reports April's average beef retail price set a record at $9.64 per pound, and pork prices rose 2.3% year over year.
Beef prices remain elevated due to the smallest US herd in 75 years.
Record beef retail prices reflect a sharply reduced cattle herd, which supports live cattle prices and keeps demand shifting toward pork and chicken.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.