Though retail beef prices are lower than a year ago, prices remain historically higher as inflationary challenges affect the overall U.S. economy and projected fewer cows heading into 2023, according to a Texas A&M AgriLife Extension Service livestock economist.
“Retail beef prices are lower than a year ago even though the total Consumer Price Index number is 7.1% higher than last year,” said David Anderson, who also serves as a professor of agricultural economics at the Texas A&M University College of Agriculture and Life Sciences. “(Retail beef prices) have been lower for…
