The Economist asks:
What will be the average US city price of a pound of ground beef in August 2025?
Closed Sep 01, 2025 07:01AM UTC
The US beef market, already facing high demand and tight supplies, is expected to be hit hard by tariff policies with Canada and Mexico (Economist, Drovers). The question will be suspended on 31 August 2025 and the outcome determined using Bureau of Labor Statistics (BLS) data as reported by the Federal Reserve Economic Data database (FRED) (FRED).
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The question closed "At least $6.250, but less than $6.500" with a closing date of 1 September 2025.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $5.000 | 0% | |
| At least $5.000, but less than $5.250 | 0% | |
| At least $5.250, but less than $5.500 | 1% | |
| At least $5.500, but less than $5.750 | 3% | |
| At least $5.750, but less than $6.000 | 3% | |
| At least $6.000, but less than $6.250 | 18% | |
| At least $6.250, but less than $6.500 | 59% | |
| At least $6.500, but less than $6.750 | 11% | |
| $6.750 or more | 5% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 108 |
| Average for questions older than 6 months: 160 | |
| Number of Forecasts | 561 |
| Average for questions older than 6 months: 474 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
