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Reuters reports that US beef retail prices rose 30% from early 2020 to a peak of $7.90 per pound in October 2021, easing slightly in November and December according to USDA data. The article examines whether packer margins or packing capacity limits drove the high prices.
High retail beef prices reflect tight wholesale supply and packing constraints, which bear on cattle slaughter demand and the margins feeders receive.
reuters.comDavid LawderJan 19, 2022Not 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.
