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What else is going on in the grocery store. Beef wasn’t the only category that got pricier in July. Hot dog prices went up 2.7%. Apples went up 2.4%, citrus fruit 1.7% and ice cream rose 1.5% ...
"This could send beef prices to record levels in 2024 and 2025, as we hit the supply bottom of the current cattle cycle," Nelson warned. RELATED: How to Make an Inexpensive Steak Taste Expensive
Consumer prices were up 2.7% for the 12 months ... And when prices go up in areas where people — especially lower-income Americans ... with categories such as beef rising 3.1% and eggs jumping 8 ...
The country's cattle inventory is shrinking and has been for a while. In its third straight yearly drop, the latest cattle report by the United States Department of Agriculture found that as of ...
Overall, consumer prices were up by 3.2% in July over the prior year and 0.2% month over month. The beef and veal category, which rose 2.4%, was one of the biggest drivers of the month-over-month ...
The price of beef and veal grew 1.9% year over year but fell 1.1% month over month, the biggest monthly decline since June of 2022. A pound of 100% ground beef chuck cost $5.59 in October, a penny ...
Ongoing labor shortages, supply chain issues, and weather conditions are causing beef prices to skyrocket.
Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle ...
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