Record Beef Prices Poised to Hit Consumers This Summer
Cattle inventories are lowest in generations while consumer beef demand remains robust
Hamburgers and steaks for your summer cookout look to be more expensive than ever, with U.S. beef prices hitting record highs.
Cattle futures, wholesale beef cutout prices and retail prices are all soaring heading into the summer months. Companies like Tyson Foods have been struggling with a sharp climb in costs, in part because of cattle inventories being at their lowest in generations while consumer demand for beef continues to be exceptionally strong...
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