Beef consumers should be seeing lower prices on beef, whether steaks or ground chuck, at grocery stores as production increased and wholesale prices continue to decline, said a Texas A&M AgriLife Extension Service expert.
David Anderson, Ph.D., AgriLife Extension economist, College Station, said the U.S. Department of Agriculture retail market report showed prices on beef and other meats are moving downward.
Retail choice beef of all cuts – steaks to ground chuck – averaged $6.84 per pound in July compared to $7.56 per pound in June, he said. However, prices are still higher than this time last year when choice beef averaged $6.07 per pound.
To read the rest of the story, please go to: Texas A&M Agrilife
