Inflation-adjusted cattle prices remain stronger than hog and broiler prices

Cattle, hog, and broiler prices adjusted for inflation show notable trends over the past 35 years. Inflation-adjusted cattle and broiler prices were about 2 percent lower in 2024 than their prices in 1990. Both prices rose to 25-year highs in 2014 amid increasing production costs and drought in cattle-producing regions, before falling off again and then rebounding after 2020. Over the same period, inflation-adjusted hog prices declined by 56 percent and have since remained below their 1990 level. Cattle prices increased each year since 2020 while hog and broiler prices have fluctuated. Notably, broiler prices hit their inflation-adjusted high in 2022.