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A few times a year, beef’s dietary effects are publicly weighed, and everyone is confused.
Regardless of where the experts come down on this issue, come summertime 2016, one thing is clear: Beef is going to be much cheaper.
This year cattle supply is especially large—bigger than it’s been since 2011, according to USDA data.
Bloomberg notes that because of this increased supply, analysts are projecting lower beef prices this year. Prices have already been falling–down 7% year over year in February for ground beef, for instance–and the expectation is that prices will keep decreasing even though demand will likely be higher than it’s been since 2006, a year the “Beef, It’s What’s For Dinner” campaign won a few advertising awards.
As a result, national restaurants like Chili’s and Texas Roadhouse are adding meaty menu items and promotions because their beef costs are so low.
Still, chicken, turkey, and pork will continue to outpace beef this year in terms of sales. And even though beef consumption is on the upswing, Americans are still eating significantly less red meat than the beef heyday of the ’70s. Faced with the food equivalent of