April 23, 2024



Farmers Get Creative as Profits from Soaring Beef Prices Fail to Trickle Down

Epoch Times

July 16, 2021 Updated: July 16, 2021


STEINAUER, Neb.—It would be hard for Americans to miss that taking the family out for a steak dinner has become more and more of a luxury.

Wholesale price of beef was up some 40 percent in May, compared to the average in 2019, according to U.S. Department of Agriculture (USDA) data. Supermarkets and restauranteurs have partly absorbed the price increase and partly passed it on to customers.

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