Beef Isn't For Dinner Anymore as Americans Devour Cheaper Pork
- Per-capita beef demand falls to lowest since at least 1970
- Money managers hold fewest bullish cattle wagers since 2013
Beef sirloin steaks are displayed behind the meat counter at a Publix Super Markets Inc. grocery store in Knoxville, Tennessee, U.S., on Wednesday, March 5, 2014. Publix's sales for the fourth quarter of 2013, were $7.4 billion, a 5.3 percent increase from last year's $7.0 billion.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Americans’ love affair with beef is fizzling.
In the U.S., a country known for drive-thru burger joints and over-sized steaks, demand for the meat on a per-person basis is slumping to the lowest in more than four decades. With consumers bracing themselves for another slow patch in the economy, shoppers are increasingly choosing cheaper pork and chicken as alternatives.