Fed cattle price likely hit their short-term high around $180.00/cwt in mid-April and have slipped since then. Prices tend to slide into/through summer, then turn higher again beginning in the fall. According to the Bureau of Labor Statistics (which provides prices for CPI & PPI reports) retail beef prices peaked in fall 2021 and have been edging lower since then. Look for those to start working higher in the weeks and months just ahead, maybe taking out the 2021 highs later in the year.
It’s a real crime that hog and wholesale pork prices are in the tank now, due largely to grocers keeping retail pork costs to consumers near their June 2022 highs. In my opinion, grocers are making huge profits on pork by ‘sticking it’ to hog growers and consumers.
Des Moines, Iowa, area.
Pork shoulder roast $1.69. Pork tenderloin $1.99. Ribs $1.49.
How cheap should pork be toaday?