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U.S. Retail Beef Falls in May From Record in April, USDA Says

U.S. retail-beef prices fell to $4.43 a pound in May from a revised record of $4.444 in April, the U.S. Department of Agriculture said today in a report on its website.

The price jumped 11 percent from $3.998 a pound in May 2010.

The gauge is a composite that includes choice beef, along with other beef and hamburger values, the USDA’s Economic Research Service said.

To contact the reporter on this story: Elizabeth Campbell in Chicago at ecampbell14@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net.

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