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.
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