BREAKING 🚨
US ground beef prices hit a record $7.10 per pound in July, up 9% YoY! 🚀
Steak prices also peaked at $13.10 per pound, a 10% YoY rise, marking a 70% increase since 2019. Overall beef costs have surged 65% since the end of 2019, squeezing consumer wallets. Consequently, beef sales slipped 0.3% YoY over the 13‑week mid‑July period, reversing previous growth trends. 📉
Consumers are cutting back on beef as prices soar, and the market watches for relief. 🔔
$HEMI, $RE, $HEMI
US ground beef prices hit a record $7.10 per pound in July, up 9% YoY! 🚀
Steak prices also peaked at $13.10 per pound, a 10% YoY rise, marking a 70% increase since 2019. Overall beef costs have surged 65% since the end of 2019, squeezing consumer wallets. Consequently, beef sales slipped 0.3% YoY over the 13‑week mid‑July period, reversing previous growth trends. 📉
Consumers are cutting back on beef as prices soar, and the market watches for relief. 🔔
$HEMI, $RE, $HEMI