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Beef prices remain high because of a shrinking cattle supply and years of drought that raised the cost of raising cattle. Ground beef prices are up more than 20% since 2020 and could reach record highs.
A tight cattle supply keeps retail and wholesale beef prices elevated, supporting live cattle values through the summer.
wsj.comPatrick Thomas, Daniel BrennerJun 14, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
