![steer beef prices 2008 expected to fall](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhopbgexV8HeYrZXZv0cyQDoMaZJQXcHmVnNIR_Xb7f0i8RNpKnPKOX4j-I7Dsp3oi5qRaBA2JRHzRn08_tw6q0Ir7lC3QB4W8O9IYn9Ybw1_-x1uGDPItNOsfa7aNUho0-WzHRqtXy3IZ2/s320/steer.jpg)
In this audio report (mp3), USDA economist Joel Greene explains that beef costs will drop for several factors. These include a good supply of beef and other meats and possible decline in consumer spending due to economic uncertainty.
This report offers a good point that beef and meat prices are most affected by supply and demand issues---not input costs like feed grains. And consumer prices are most impacted by energy, labor and marketing costs often at the closest point of the retail sale.
Source: USDA
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