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Consumers shrug off high beef prices
When retail prices for any product reach record-high levels, the demand usually plummets quickly. U.S. beef appears to be the exception to the basic rule of economics. Retail grocery store prices for beef skyrocketed and show no signs of descending. But demand hasn’t softened. A new report from CoBank says the allure of beef, even at high prices, is likely the result of several factors currently shaping consumer buying behaviors. The all-fresh retail beef prices surged by nine percent, hitting...














