Derrell S. Peel at Oklahoma State University Extension said that “The all-fresh retail beef price for January was $8.15 per pound up 4.3 percent year over year. All-fresh beef retail prices have averaged 5.2 percent higher month over month for the last year leading to retail all-fresh beef prices for the past twelve months at a record average level of $8.27 per pound. Per capita beef consumption in 2024 was unexpectedly higher at 59.7 pounds as a result of constant domestic beef production and larger net imports of beef. The combination of increased beef consumption and higher prices indicates stronger beef demand.”