David P. Anderson, Texas A&M AgriLife Extension Service | Jan 20, 2021
One common question from back in 2020 was how quickly retail beef prices would return to pre-pandemic levels. Retail beef prices have declined, but remain above year ago levels.
USDA’s All Fresh beef price series peaked at $7.38 per pound in June, 2020. The December monthly average price (released on January 14th) was $6.23 per pound. Retail beef prices declined fairly quickly after the June peak and were averaged $6.38 in August. This data, reported by USDA, is gathered by the Bureau of Labor Statistics and reflects a monthly price from grocery stores across all beef quality grades and a range of beef cuts.
https://www.beefmagazine.com/beef/retail-beef-prices-continue-higher-2020
Published on 2/16/2021 (3 years 70 days ago)