Global price of Beef
This dataset tracks global price of beef over time.
Latest Value
295.02
Year-over-Year Change
10.17%
Date Range
1/1/1990 - 4/1/2025
Summary
The 'Global price of Beef' measures the average U.S. dollar price per pound of beef on global commodity markets. This key indicator provides insights into livestock costs and trends in global food prices.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the wholesale price of beef on major international commodity exchanges. It serves as a benchmark for the global beef trade and can signal shifts in supply, demand, and production costs across the beef industry.
Methodology
The data is collected from commodity futures exchanges and aggregated by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers monitor this series to assess the broader state of agricultural commodity markets and inflation.
Key Facts
- Beef is a major global agricultural commodity.
- Prices can fluctuate due to factors like weather, trade policies, and livestock health.
- The U.S. is a leading producer and exporter of beef worldwide.
FAQs
Q: What does this economic trend measure?
A: The 'Global price of Beef' tracks the average U.S. dollar price per pound of beef on major international commodity exchanges.
Q: Why is this trend relevant for users or analysts?
A: This series serves as a key indicator for the global beef trade, signaling shifts in supply, demand, and production costs across the livestock industry.
Q: How is this data collected or calculated?
A: The data is collected from commodity futures exchanges and aggregated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this series to assess the broader state of agricultural commodity markets and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, providing a timely but not real-time view of global beef price trends.
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Citation
U.S. Federal Reserve, Global price of Beef (PBEEFUSDQ), retrieved from FRED.