Beef Prices Dropped in July as Inflation Pushed Consumers Toward Cheaper Meats or Poultry

When we think of protein sources, fresh meat is at the top of the list. Natalia Lisovskaya/Shutterstock

Beef prices are declining for now, bringing some relief to American consumers who appear to be lately favoring cheaper sources of protein like chicken, as inflation started to spike months ago.

Consumer demand had been trending towards cheaper cuts of meat or other sources of protein like poultry.