Cornhusker Economics

Retail Prices and Beef Demand

Retail beef prices have continued to rise over the last several years. They hit a record high in February 2014, with choice-beef prices selling for an average of $5.57 per pound, 7.6 percent more than a year ago. Average all-fresh beef sold for $5.28 per pound, more than 7.5 percent over the previous year. Compared to February 2010, choice beef prices have risen by 33.2 percent and all-fresh beef by 34.7 percent. Beef prices have nearly doubled since the year 2000. Read MoreĀ»