Beef production in Alberta rose by an estimated five per cent last year to just over 732,000 tonnes, says a provincial livestock market analyst.
One-sixth of that amount was consumed in Alberta, another 51 per cent was sold in Canada, and just under a quarter went to the U.S., said Jason Wood. The remainder (8.4 per cent) was exported to other countries.
From 2013 to 2017, the indexed price of beef rose 19.5 per cent, but prices have been relatively flat this year, averaging $19.30 per kg in the first five months of 2018.
“Based on this average, retail beef prices are down five per cent from highs in 2016, but remain eight per cent higher than the five-year average,” he said.
