date:Dec 18, 2012
ing, instead of sending them to market, according to David Nelson, a Rabobank analyst.
Rabobank also notes that, in October, the price for a pound of lean ground beef averaged $4.11, up 30 cents from a year earlier, according to the Bureau of Labor Statistics.
Further, demand for beef is expected to fall in the United States next year, as well. Americans are predicted to eat around 55 pounds of beef per person in 2013, down from about 58 pounds this year, according to USDA estimates.