ANALYSIS: US Beef Prices—Retail and Wholesale Trends
Beef prices have climbed sharply in recent years, outpacing increases in chicken and pork, putting additional pressure on consumers’ grocery budgets. However, recent data suggest the market may be beginning to cool, with retail price increases slowing, wholesale prices declining, and the gap between premium and lower-cost beef cuts narrowing. These trends point to a changing beef market, even as store prices remain well above 2019 levels.
Until 2022, store prices for beef, chicken and pork moved roughly together. From 2023, beef kept climbing while chicken and pork stayed in a...
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