U.S. Retail Beef Increases to Record $4.489 a Pound in August

U.S. retail beef rose to a record $4.489 a pound in August, the U.S. Department of Agriculture said today in a report on its website.

The price was up from a revised record of $4.449 in July and $4.015 a year earlier, the USDA’s Economic Research Service said. The price is a composite that includes choice beef and other beef and hamburger values.

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