A year ago, the New York Times reported that the global market for beef was worth $6 billion, but it has since declined to $4 billion.
Now the market has turned around.
The Times reported: In 2015, the global beef market was worth a staggering $6.4 billion, according to research firm Euromonitor International.
In 2018, it fell to $3.8 billion.
In 2019, it’s down to $2.3 billion.
So what’s going on?
There are many factors that contribute to the decline.
One is a slowdown in demand in China, the world’s second largest beef consumer, and a lack of demand from other countries.
Another is the fact that the demand for beef in China has been steadily increasing over the past few years.
That’s likely because the demand is rising as people move to a healthier lifestyle, and that’s leading to more consumption of beef in other parts of the world.
A third factor is a sharp increase in prices for both beef and other dairy products.
And yet another is the recent increase in the use of antibiotics in meat production.
These drugs have been widely used in the US to fight disease, including antibiotic-resistant E. coli infections.
But they have also been implicated in causing serious health problems, including the emergence of antibiotic-producing superbugs in some parts of Asia.
What are the trends?
While we have been focusing on the Chinese market, it has also recently been flooded by imports from other parts.
The number of imports from the European Union (EU) and Australia (AUS) has doubled in the past year to more than 3.5 million tons.
In Europe, the rise in imports is driven by demand from India and other emerging markets, particularly Brazil and China.
There are also some factors in the supply chain that have led to an increase in trade volumes.
For example, dairy producers are increasingly looking to China for quality ingredients for their products.
In addition, China’s meat production is more efficient and is often cheaper than the global average.
The result is that Chinese consumers are now purchasing beef at a lower price than other nations.
The Economist also recently reported that a lot of the growth in the global supply chain is driven not by technology, but by politics.
“In some countries, especially in the developed world, government intervention has driven up demand for cheap imported meat, so that farmers have been able to charge more for their beef,” the paper noted.
“And a large proportion of the meat sold in the United States is produced in the developing world.”
How to get it?
For some consumers, there are two options.
One, they can purchase their own beef at retail, or they can buy it through a licensed butcher.
Second, there’s also a third option, where you can buy the meat at the farmers market.
Which one do you choose?
The USDA currently recommends that anyone buying beef from a licensed producer, such as a dairy farmer, purchase a USDA Certified Angus Beef.
This certification will allow the farmer to sell the product to the consumer.
However, the USDA does not regulate the retail industry.
This means that it is up to the producer and retailer to make sure that their product is safe and that it does not contain the bacteria that have been found to cause antibiotic resistance in humans.
Why is the US beef so expensive?
Because of the regulations, it is very difficult for a licensed dealer to sell a cow in the U.S. If a customer does buy the beef, they are required to pay a $3,000 processing fee.
This fee is a part of the contract and is passed on to the farmer.
The meat is then sold in bulk to customers at a price that varies by state and region.
It can cost anywhere from $7 to $13 per pound.
Where can I buy it?
The USDA does recommend that consumers buy their beef from licensed retailers.
However the number of outlets that sell beef has steadily increased over the last few years, according a study by the USDA.
The increase in retail outlets has resulted in a significant increase in demand for this product.
In fact, the retail market for hamburger meat grew from a market of 4,000 to a market share of nearly 75% in 2019.