The average retail price of choice beef was $5.915 cents per pound during August. That is down 17.5 cents from the month before, down 41.3 cents from a year ago, and the lowest monthly average since May 2014.
The average price of choice beef at retail during November was $6.213 per pound. This was down 1.8 cents from the month before and down 9.0 cents from a year ago.
The softening that is taking place in today’s market seems to have more to do with the seasonal price patterns established through supply and demand factors.
