# Some Fourth of July celebrations are easier to afford in 2023 — here's where inflation is easing - CBS News

> Wells Fargo's Fourth of July food report shows sirloin steak at $10.75 per pound, up 2.9% from a year ago, and US grocery prices up 5.8% overall. Beef supplies are tight while chicken has responded quickly to competition. Consumers plan to spend an average of $93.34 per person on holiday food.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35647-some-fourth-of-july-celebrations-are-easier-to-afford-in-2023-here-s-where
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Tight US cattle supplies keep beef prices high, which supports demand for chicken and pork as substitutes and reinforces the cattle market's firm tone.

## Read by commodity

- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Sources

- cbsnews.com: https://www.cbsnews.com/news/fourth-of-july-inflation-gas-chicken-beef-2023/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.