What is the price of beef per kilogram/pound in US today?
The retail price range for US beef is between US$ 10.82 and US$ 22.62 per kilogram or between US$ 4.91 and US$ 10.26 per pound(lb). Click here to see today's exact prices of beef in US
The retail price range in Euro for beef is between EUR 9.93 and EUR 20.75 per kilogram or between EUR 4.50 and EUR 9.41 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US beef is between US$ 7.57 and US$ 15.83 per kilogram or between US$ 3.43 and US$ 7.18 per pound(lb).
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US Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from the US over the last five years has seen a steady increase. In 2017, the export price was 5.92 US $ per kg, and by 2021, it had risen to 7.53 US $ per kg. The highest export price was recorded in 2021 at 7.53 US $ per kg, while the lowest was in 2016 at 5.48 US $ per kg. The current export price is 8.13 US $ per kg. Based on the current trend, it is predicted that the export price for 2023 will be 8.73 US $ per kg and for 2024 it will be 9.33 US $ per kg.The exports of beef from US are categorised as:
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine livers (HS code 020622)
- Frozen edible bovine tongues (HS code 020621)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
US Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into the US over the last five years has been relatively stable. In 2016, the price was 5.48 US dollars per kg, followed by 5.92 US dollars per kg in 2017. In 2018, the price increased to 6.35 US dollars per kg, and then decreased slightly to 6.28 US dollars per kg in 2019. In 2020, the price dropped to 6.24 US dollars per kg, and then increased to 7.53 US dollars per kg in 2021. The most recent data shows that the import price per kilogram of Beef into the US was 8.13 US dollars in 2022. Based on the current trend, it is predicted that the import price per kilogram of Beef into the US will remain relatively stable in 2023, at around 8.13 US dollars per kg. In 2024, the price is expected to increase slightly to 8.20 US dollars per kg.Export values for US beef
The total values in export for beef in US were US$ 6,009,200, US$ 6,930,152, US$ 8,024,250 and US$ 7,713,291 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in US: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across North America: Canada beef, US beef, Anguilla beef, Antigua and Barbuda beef, Bermuda beef, Bonaire, Sint Eustatius and Saba beef, St.Pierre and Miquelon beef, United States Minor Outlying Islands beef, Cayman Islands beef & Greenland beef.
US beef - Production, Exports, Imports, Seasons and HS Codes
The quantity of beef sold by US in 2020 was 1,166,537 metric tons. In 2019 US sold 1,227,770 tonnes of beef. Through 2019 alone, the demand for US beef (meat category) has shrunk, flactuating by -2.795 per cent compared to the year 2018. Between 2017 and 2019, beef's exports increased by 4.89 pc bringing the exporter US$7,713.29m for the year 2019. US' beef exports are classified as:
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen edible bovine livers (HS code 020622)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
- Frozen edible bovine tongues (HS code 020621)
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US beef export values
In 2019, US exported beef with a value of 7,713.29m USD, a reduction of -3.88% from 2018's total beef export of 8024.25m USD. The yearly change in value of US beef between 2017 to 2018 was 15.788 percent.
The yearly variation in the volume of US' beef exports between 2017 and 2019 was 4.89 pc when compared to a variation of -2.795% in the growth rate between 2018 and 2019.
US' portion of the world's total beef's exports in 2019 was less than 1%. The country holds position 15 in world exports of beef.
Export markets for US beef ( in '000$ )
US' top destinations for beef are Canada, Hong Kong, Mexico, South Korea and the Dominican Republic.
US purchased 1,038,363 tonnes of beef in 2019.
Expect higher prices in 2024
Beef cattle prices, which are the key determinants of beef prices, were up by 5% in 2024 in comparison to 2023. Month-on-month price changes in early 2024 indicated low herd numbers and hence the price rise.
For instance, in February 2024, fed cattle prices increased by $2 to $185 per hundredweight in January. As a result, the U.S. Department of Agriculture (USDA) forecast a 2% fall in beef production for the entire 2024, to less than the 26.455 billion pounds of 2023. This is however a slight fall, for analysts had expected a greater slump.
In 2023, retail ground beef, steak and veal prices increased by about 3.8% or 2.6%+_5.2%. This was in line with the projections by USDA, which had indicated that all food prices in the United States were to rise by 5.8% by end 2023 due to inflation.
Generally, the retail prices of US beef have mostly espoused a difference of around 13 cents per pound between the highest and lowest prices since the beginning of 2023. The highest price was in October while the lowest in February. In 2022, the retail difference between the highest and lowest prices was around 15 cents.
US beef monthly retail prices per pound: 2023 - 2024
Ground chuck | Ground beef | Lean and extra lean ground beef | Uncooked ground beef | Chuck roast, boneless | Round roast, boneless | Uncooked beef roasts | Round steak | Sirloin steak, boneless | Beef for stew, boneless | Uncooked beef steaks | |
2024 Prices (USD) | |||||||||||
JAN | 5.09 | 5.03 | 6.78 | 5.48 | 7.26 | 6.74 | 7.27 | 8.12 | 11.64 | 7.00 | 10.69 |
FEB | 5.21 | 5.13 | 6.65 | 5.48 | 7.51 | 6.71 | 7.35 | 7.88 | 11.72 | 6.84 | 10.53 |
MAR | 5.42 | 5.13 | 6.73 | 5.52 | 7.36 | 6.97 | 7.40 | 8.03 | 11.54 | 6.99 | 10.59 |
APR | 5.45 | 5.13 | 6.740 | 5.55 | 7.36 | 6.98 | 7.42 | 8.05 | 11.54 | 7.01 | 10.62 |
MAY | 5.33 | 5.15 | 6.85 | 5.60 | 7.53 | 6.99 | 7.47 | 8.24 | 11.55 | 7.23 | 7.03 |
JUN | 5.36 | 5.47 | 6.89 | 5.71 | 7.65 | 6.88 | 7.47 | 7.93 | 11.47 | 7.24 | 10.64 |
JUL | 5.47 | 5.50 | 7.17 | 5.80 | 7.78 | 7.12 | 7.64 | 8.06 | 11.73 | 7.15 | 10.86 |
AUG | 5.64 | 5.58 | 6.92 | 5.87 | 7.69 | 7.16 | 7.63 | 8.23 | 11.54 | 7.30 | 10.88 |
SEP | 5.58 | 5.67 | 7.22 | 5.92 | 7.59 | 7.24 | 7.58 | 8.15 | 11.79 | 7.22 | 10.88 |
OCT | 5.67 | 5.70 | 7.29 | 5.90 | 7.60 | 7.40 | 7.76 | 8.23 | 11.90 | 7.38 | 10.99 |
NOV | 5.72 | 5.84 | 7.3 | 6.00 | 7.64 | 7.41 | 7.76 | 8.24 | 11.95 | 7.38 | 10.99 |
DEC | 5.68 | 5.85 | 7.30 | 5.99 | 7.63 | 7.40 | 7.77 | 8.23 | 11.93 | 7.42 | 10.99 |
2023 Prices (USD) | |||||||||||
JAN | 4.64 | 4.79 | 6.39 | 5.17 | 6.86 | 6.22 | 6.77 | 7.27 | 10.31 | 6.77 | 9.58 |
FEB | 4.77 | 4.77 | 6.43 | 5.21 | 6.82 | 6.24 | 6.82 | 7.22 | 10.29 | 6.79 | 9.68 |
MAR | 4.75 | 4.81 | 6.35 | 5.19 | 6.73 | 6.22 | 6.77 | 7.18 | 10.28 | 6.76 | 9.81 |
APR | 4.74 | 4.79 | 6.58 | 5.25 | 6.76 | 6.16 | 6.80 | 7.35 | 10.61 | 6.94 | 9.96 |
MAY | 4.95 | 4.96 | 6.70 | 5.36 | 7.04 | 6.39 | 7.06 | 7.51 | 10.75 | 6.76 | 10.22 |
JUN | 5.11 | 5.02 | 6.68 | 5.44 | 7.01 | 6.37 | 7.02 | 7.43 | 11.16 | 6.91 | 10.34 |
JUL | 5.25 | 5.10 | 6.85 | 5.54 | 7.30 | 6.63 | 7.20 | 7.66 | 11.51 | 7.21 | 10.63 |
AUG | 5.26 | 5.08 | 6.95 | 5.55 | 7.30 | 6.66 | 7.29 | 7.65 | 11.43 | 7.16 | 10.75 |
SEP | 5.19 | 5.12 | 6.88 | 5.57 | 7.17 | 6.61 | 7.25 | 7.77 | 11.63 | 7.23 | 10.77 |
OCT | 5.12 | 5.11 | 6.89 | 5.56 | 7.21 | 6.70 | 7.12 | 7.64 | 11.52 | 7.15 | 10.22 |
NOV | 5.32 | 5.15 | 6.82 | 5.44 | 7.01 | 6.72 | 7.14 | 7.65 | 11.57 | 7.26 | 10.32 |
DEC | 5.12 | 5.21 | 6.67 | 5.57 | 7.38 | 6.89 | 7.35 | 7.99 | 11.69 | 7.03 | 10.65 |