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 […]
