5 days ago
Soaring beef prices push summer staples out of reach for many Canadians, study shows
A new report from Dalhousie University's Agri-Food Analytics Lab says beef is quickly becoming a luxury item in Canada, with soaring prices changing the way many families approach summer barbecues.
'In Canada, beef is no longer just food—it's a financial decision." Sylvain Charlebois, the study's lead author, said. 'What was once a staple of the summer grill is now a luxury item, priced out of reach for many families.'
The study points to steep price hikes since January.
The cost of striploin is up 34.2 per cent, top sirloin has increased 33.7 per cent, and rib cuts have jumped nearly 12 per cent. Even pork ribs, chicken breasts and plant-based burgers have seen price increases of roughly six per cent.
A shrinking cattle inventory is a key factor. Canada's beef cow population has dropped to its lowest level since 1989, with many producers exiting the industry amid volatility, according to the report.
Other pressures include transportation costs, carbon pricing, labour expenses, and limited processing capacity. The report also raises concerns about a lack of regulatory scrutiny, noting that, unlike the U.S., Canadian authorities have not taken major action on possible price fixing in the beef sector.
The result is Canadians are eating less beef, according to the study. Per capita consumption fell 7.1 per cent in 2023 and another 2.1 per cent this year.
'Consumers will continue to enjoy beef,' says Charlebois. 'But with moderation, and on occasions that justify the cost.'
