Beef prices to rise twice as fast as U.S. food inflation rate
Retail beef prices are forecast to climb by 5.5 percent this year, double the overall rate for food inflation, says USDA’s monthly Food Price Outlook. “Most retail beef prices, on average are…at record highs, even after adjusting for inflation,” said USDA. Beef prices zoomed by 12.1 percent in 2014 due to the historically small cattle inventory.… » Read More
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