Beef Prices Surge as Demand Outpaces Supply: Recovery is 'More Unpredictable'
Beef prices have surged 9% since the beginning of the year, hitting a new record high due to heightened demand and dwindling supplies, according to the U.S. Department of Agriculture (USDA).
In June, meat prices well outpaced the entire food-at-home category, with steak and ground beef prices rising 12.4% and 10.3%, respectively, compared with a year earlier, according to the Labor Department's consumer price index (CPI).
Beef prices are now hitting a record $9.26 per pound at retailers as of June...
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