LMIC Analysis Shows Grocery Store Meat Prices Trending Lower

Sep 06, 2016

According to the latest analysis released on Friday by the Livestock Marketing Information Center, Grocery store meat prices were moving lower during July, generally, reflecting larger supplies available to consumers in recent months. Fresh beef prices were down six percent from a year ago, chicken prices were down three percent and pork prices were close to unchanged. The beef price in July 2015 was a record high value and since that time has declined in nine out of the twelve months.

Grocery store chicken prices peaked in October 2013 and annual average prices have trended lower since then. Pork prices in July 2015 were nine percent lower than in July 2014, due to a surge in pork production last year and have resisted any significant declines since then. Pork supply this year has been running close to year earlier volumes, lending support to stable retail pork values.

The seven cent decline in fresh beef prices was the biggest month-to-month decline since last December. From July to August last year, fresh beef prices at retail declined six cents and a decline similar to this could be possible again, give the declines in beef prices at the wholesale trade level. Choice beef carcass prices during the spring quarter were down 14 percent from the same quarter of 2015 and carcass price so far this summer are below the values that were in place at the end of this June.

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Video: Winter Service Inspections for John Deere Equipment - The FarmCast Ep64

The FarmCast, host Troy Randall speaks with Doug Luedke, Vice President of Service, and Davin Peterson, Executive Vice President of Aftermarket at 21st Century Equipment, to discuss the importance of proactive service and how it helps farmers reduce downtime during their busiest seasons. The conversation focuses on the Winter Service Inspection Program, a comprehensive approach designed to keep equipment running at peak performance and limit costly in-season breakdowns through preventative maintenance and expert technician support.

Doug and Devin explain how 21st Century Equipment’s service teams have evolved to meet the needs of today’s connected machines. With more technology and data integrated into modern equipment, technicians now play a vital role in both mechanical repairs and precision ag support. Through advanced diagnostics, machine monitoring, and John Deere’s Expert Alerts, they can identify and address potential issues before they become major problems—saving customers valuable time, money, and frustration.

Throughout the discussion, the team shares real-world success stories demonstrating how proactive inspections and customer-focused service help maximize uptime and efficiency for every operation. Whether it’s a large tractor, combine, or small mower, the goal remains the same: to provide trusted, reliable support that helps farmers and landowners stay productive and confident in their equipment year-round.