Consumers can face higher beef prices from enterprises


High beef prices are weighted in US enterprises and consumers.

Some enterprises forced to make harsh decisions on how to manage the growing costs, and some of them have expenditures to customers.

Passio, the owner of Lombardi in Philadelphia, said Fox Business Correspondent Jeff Flock “Varney & Co.” You can only lose so much you can lose as soon as you have to lift these prices. ”

Butcher's Shop, Passio, said he did not see the higher prices of customers, “because they see.”

Eggs are not the only expensive food: beef prices are also growing

land beef

Organic Land Beef 30 October 2020, Bavaria, Nuremberg (Daniel Karmann / Getty Images / Picture Alliance via Getty Images)

“They see inflation. They see the assessment. You know, everything is over, “he said.

Labor statistics measured by the Consumer Price Index (CPI) Inflation data (CPI) beef and calf prices exceeded 2.4% per month and more than 7.6% in February.

The total CPI is more than 0.2% per month and more than 2.8%.

Courtney Schmidt, Wells Wells Fargo Agri-Food Institute explained the sector head Fox's work Last month, high-beef prices were managed by US beef production with a consistent consumer request.

According to Schmidt, the Livestock Herge in the United States, according to Schmidt, has historically experienced a period with low-level cattle resources.

Beef is more expensive

According to the American Bureau Federation, the demand for beef has been strong since the pandemic. (Kennedy Hayes / Fox News / Fox News)

The United States Department of Agriculture (USDA) has been reported to be 86.7 million of the United States in late January. The counting of beef count, especially 27.9 million, in USDA, at the same time, was a decrease of 1% at the same time.

“I know that they are killed smaller cattle, so we try to kill them faster to create the supply of demand, as required.”

Some large companies reported from the Flock on Canada and Mexico, “Varney & Co.”

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President Donald Trump has applied 25% import tariffs The United States was released from freedom for goods from the US-Mexican-Canadian agreement to the US Mexican-Canada in the US-Mexican-Canada agreement from more than March 4.

Such a collection on imported beef “increases the price”, according to the passion, added that consumers must pay for it. “

“My philosophy, deposit will be sold as low as possible to show a value for the customer. I hope you have more customers to get your income,” Lombardi Prime said the meat owner.

Beef in the supermarket

Beef packets are for sale in a supermarket on January 12, 2023, in Calif Foster (Via Liu Guanguan / Chinese News / VCG through Getty Images / Getty Images)

Land-beef in the United States, $ 5.63 per pound, came to a price equal to the per pound boneless sirloin steak According to the Federal Reserve Bank of St. Louis, it came to $ 11.90. These secondary prices are 9.6% and 1.6% in 2024, respectively.

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USDA has been projected this month in a report organized by beef production this year 26.685 billion pounds this year.

Daniella Genova contributed to this report.



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