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U.S. retail prices for ground beef hit a record high of $5.67 per pound in September and were a little below that last month, according to the Bureau of Labor Statistics. Prices for the hamburger ...
Grocery prices increased by 0.3% on a monthly basis, according to the Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI) released Thursday. On a year-over-year basis, food-at-home ...
The USDA reports that beef production in 2024 is forecast to be about 3% lower than in 2023, and last year also marked the fifth straight year of a decrease in available beef cows.
Live cattle is a type of futures contract that can be used to hedge and to speculate on fed cattle prices. Cattle producers, feedlot operators, and merchant exporters can hedge future selling prices for cattle through trading live cattle futures, and such trading is a common part of a producer's price risk management program. [1]
In retail, unit price is the price for a single unit of measure of a product sold in more or less than the single unit. [2] The "unit price" tells you the cost per pound, quart, or other unit of weight or volume of a food package. It is usually posted on the shelf below the food.
The president of the National Cattlemen's Beef Association told The Washington Post that "If testing is allowed at Creekstone, we think it would become the international standard and the domestic standard, too." [1] Creekstone Farms says tests cost about $20 per animal, increasing the cost of beef by about 10 cents per pound. The USDA currently ...
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In the 1960s, the cheaper wet-aging process largely displaced dry aging as dry-aged meat is 15–25% more expensive than wet-aged beef: dry hanging rooms are expensive; meat weight is reduced through evaporation; and some proportion of meat spoils. [4] [3]