How Much Does Ground Beef Cost Per Pound in Canada?

Ground beef is a staple ingredient in many Canadian kitchens. From burgers to tacos to chili this versatile meat is used in a variety of dishes. But with prices fluctuating how much does ground beef actually cost per pound in Canada?

Overview of Ground Beef Prices in Canada

Ground beef prices in Canada have steadily increased over the past several years. According to data from Statista the average retail price for one kilogram (2.2 pounds) of ground beef in Canada was $11.72 CAD in March 2024. This is up from $11.28 CAD in March 2023 and $10.77 CAD in March 2022.

When converted to pounds, the average price per pound of ground beef in Canada in March 2024 was approximately $5.33 CAD. Of course, prices can vary depending on the specific province, store, and quality of beef. Generally speaking though, ground beef costs between $4.90-$10.68 CAD per pound across the country.

Ground Beef Prices by Province

Ground beef prices in Canada’s major provinces in September 2024, according to Selina Wamucii data, are:

• Ontario: $6.61-$14.42 CAD per pound
• Quebec: $6.61-$14.42 CAD per pound
• Alberta: $6.54-$14.31 CAD per pound
• British Columbia: $6.88-$15.04 CAD per pound
• Manitoba: $6.45-$14.10 CAD per pound
• Saskatchewan: $6.51-$14.21 CAD per pound

As you can see, prices are fairly consistent across provinces, with Ontario, Quebec, and Manitoba having slightly lower prices compared to the western provinces. Local factors like availability and transportation costs influence pricing.

Factors Affecting Ground Beef Prices in Canada

Several factors impact the retail price of ground beef in Canada, including:

• Input costs: The cost to raise cattle for beef production, including feed, land, and labor expenses. Rising input costs put upward pressure on beef prices.

• Processing and transportation: Getting cattle to slaughterhouses, processing beef, and transporting it to stores adds to costs. Fuel prices also affect transportation expenses.

• Supply and demand: Lower beef production and higher demand drive up prices. Per capita beef consumption in Canada has declined, but demand remains strong globally.

• Weather conditions: Drought or severe winters can increase cattle feeding costs and reduce herd sizes, tightening beef supply.

• Currency exchange rates: Since Canada exports beef, changes in exchange rates with top trading partners like the U.S. influence prices. A weaker Canadian dollar makes exports more affordable.

Trends in Canadian Ground Beef Prices

Ground beef prices in Canada have trended upwards in recent years. According to Statista data, the retail price for one kilogram of ground beef has increased 44.2% from 2017 to 2024. Prices are forecast to keep rising, potentially reaching $7.60 CAD per kg ($3.45 CAD per pound) by 2024.

Several factors point to continued price growth:

• Canadian beef production fell 6.9% from 2020 to 2021. Lower beef availability puts upward pressure on prices.

• Input costs for cattle production have climbed significantly, with feed prices up over 15% year-over-year.

• Strong global demand, especially from Asian markets, adds export pressures on domestic Canadian beef supply.

• The Canadian dollar has weakened compared to the U.S. dollar, making exports more profitable and attracting beef shipments to foreign buyers.

Barring any shocks to supply, expect ground beef prices in Canada to continue trending higher over the next few years. Budget-conscious shoppers may want to take advantage of sales and bulk-buy ground beef when prices dip. Substituting with other proteins like chicken or pork can also help offset rising beef costs.

Saving Money on Ground Beef in Canada

Here are some tips to get better deals on ground beef:

• Check weekly flyers and shop specials at grocery stores. Stock up when ground beef goes on sale.

• Purchase larger quantities, like family or club packs, and divide into portions for freezing. The price per pound is usually lower.

• Opt for lean or extra lean ground beef, which costs less per pound than higher-fat options.

• Buy fresh ground beef on or just before the sell-by date when stores discount to clear inventory. Cook or freeze right away.

• Seek out overstock specials from warehouse clubs like Costco. The large packaging isn’t ideal for small households though.

• Substitute occasionally with lower-cost proteins like chicken, pork, beans, or eggs in recipes.

• Use filler extenders like breadcrumbs, oatmeal, or mushrooms to make ground beef mixtures go farther.