US EditionBeef Is Becoming a Luxury Item in Canada
- Beef prices in Canada have surged dramatically since January 2025, with striploin up 34.2% and top sirloin up 33.7%, according to Statistics Canada.
- This price surge follows a 1.2% decline in Canada's beef cow inventory to 3.38 million head, the lowest since 1989, driven by many producers exiting the industry.
- Factors contributing to higher prices include reduced herd size, limited federally licensed processors, expansive geography, and increased transportation and labour costs.
- A 2022 White House investigation implicated major packers like JBS, which paid $83.5 million USD for price fixing, highlighting potential collusion concerns affecting beef prices.
- The rising prices have led to a 7.1% drop in Canadian per capita beef consumption in 2023, signaling a structural shift toward more moderate and selective beef use.
15 Articles
15 Articles
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24heures.caAnyone who buys beef at the grocery store has seen its price increase considerably in recent months.
Sylvain Charlebois: Beef Is Becoming a Luxury Item in Canada
Commentary With summer weather settling in, Canadians are returning to a familiar ritual—firing up the barbecue. But as they approach the meat counter, many are faced with shockingly high prices. This year, the meat aisle has become a case study in supply-side economics and market dysfunction, leaving consumers to wonder how this all came to be. Since January, according to Statistics Canada, beef prices have surged dramatically. Striploin is up …
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