USDA projections show that production of beef and pork will expand steadily between 2016 and 2025 and result in lower prices, which in turn is expected to increase per capita consumption of both meats, according to the Economic Research Service (ERS).
As a result of greater production, beef prices are projected to drop 10.6% and pork prices are projected to drop 11.6% between 2016 and 2025. Cheaper prices will help reverse a multiyear decline in meat consumption in the United States.
Per capita consumption of beef is also forecast to increase 2.7% by 2025, outpacing growth in consumption of broilers (2.3%) and pork (1.7%). USDA expects this will increase the total amount of meat consumed per person in the U.S. from 211 pounds in 2015 to nearly 219 pounds by 2025.