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Retailbeef

Why Americans Are Eating a Lot More Beef for Dinner

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
March 28, 2016, 10:43 AM ET
U.S. Embassy Promotes U.S. Beef As TIPP Negotiations Continue
Photograph by Carsten Koall — Getty Images

For all the carnivores out there, here’s some encouraging news: Beef and other red meat products are more popular again.

After years of turning to healthier options such as chicken and turkey, Americans have been returning to red meat due to cheaper prices, according to Bloomberg.

In fact, Americans are expected to eat an average of 54.3 pounds of red meat this year, the first increase in beef consumption since 2006. That’s half a pound more consumed on average than in 2015, according to data from the U.S. Department of Agriculture.

“Certainly there’s been a big push towards eating more meat and more meat proteins,” Altin Kalo, an analyst at Steiner Consulting Group, said in an interview with Bloomberg.

“Suddenly there is this extra supply of meat,” Kalo added. “You’re going to have to somehow consume all of it.”

The Bureau of Labor Statistics found that a pound of ground beef is selling for $4.38, which is 7% less than in February 2015.

With beef prices down, restaurants are offering more promotions and exotic items as well, Bloomberg added.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Coins2Day's managing editor, leading operations for the newsroom.

Prior to rejoining Coins2Day, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Coins2Day in 2014.

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