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Despite record high prices, U.S. beef consumption on the rise

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Beef prices may be continually on the upswing, hitting record levels in many markets this year, but American aren't being deterred from consuming it. The latest industry figures available show it remains one of our favorite proteins.

Beef sales in restaurants rose in both volume and value in 2013, according to a report released Thursday that was funded by the beef industry. "The 2013 Usage and Volumetric Assessment of Beef in Foodservice" was conducted by the restaurant research firm Technomic for the Beef Checkoff Program.

The study said eight billion pounds of beef were sold in foodservice channels, an increase of 79 million pounds from 2012. That accounts for 32% of all animal protein sold in foodservice channels.

More than a quarter of that growth -- about 22 million pounds -- came in the form of ground beef. That is something commodity expert John Barone, president of Market Vision, Inc., said might be due to the continued proliferation of hamburger chains.

Go here for the full story from Nation's Restaurant News.