Source: Rita Jane Gabbett, MEATINGPLACE, 6/25/15

USDA now expects retail pork prices to decline by 3 percent to 4 percent during 2015, a steeper decline than the agency predicted last month when it forecast pork prices would remain unchanged or decline by 1 percent in 2015.

In its monthly Food Price Indexes report, USDA estimated retail U.S. pork prices in May were 6.8 percent lower than they were a year ago and 0.1 percent lower than in April.  

The price declines come after retail pork prices rose by more than 9 percent in 2014.

Beef
U.S. consumers paid 10.1 percent more for beef and veal products in grocery stores in May compared to a year ago but paid 0.1 percent less than they did in April, according to USDA.

The agency expects beef prices during 2015 to rise by 5.5 percent to 6.5 percent. This, on the heels of last year’s 12.1 percent rise in beef prices. 

Poultry
Retail poultry prices were 0.1 percent higher in May than a year ago, but declined by 1.7 percent from April.
USDA expects retail poultry prices to rise 2.5 percent to 3.5 percent during 2015. Last year, retail poultry prices rose by 2 percent.  

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