Commodities

Beef Spotlighted in US Food Guidelines Is Pricier Than Ever

A shopper at a grocery store in New York.Photographer: Yuki Iwamura/Bloomberg

Consumer beef prices reached a fresh record in December, just as the US’s new dietary guidelines are set to boost demand for the protein.

Consumers on average paid $6.821 for a pound of ground beef in December, up 16% from a year ago and up slightly from November prices, according to the US Bureau of Labor Statistics.