Demand a Big Factor In Rising Beef Costs

Wholesale beef prices, especially premium cuts, are climbing steadily this year, according to the U.S. Department of Agriculture's Economic Research Service. Industry experts say the upsurge is due not only to a spike in production costs led by sharp increases in prices for corn-based feeds and diesel fuel but also to growth in demand for beef in both domestic and foreign markets. According to ERS'

Wholesale beef prices, especially premium cuts, are climbing steadily this year, according to the U.S. Department of Agriculture's Economic Research Service.

Industry experts say the upsurge is due not only to a spike in production costs — led by sharp increases in prices for corn-based feeds and diesel fuel — but also to growth in demand for beef in both domestic and foreign markets.

According to ERS' composite retail prices for Choice-grade beef in April 2007, beef prices we

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