USDA’s Economic Research Service (ERS) reported record retail beef prices for the month of July, with the all fresh value of beef estimated at $8.15 per pound. This marks the first time in history the national average price for all fresh beef moved above $8. Consumers across the country are asking, “Why is beef so expensive?” The answer to this question has been several years in the making. American Farm Bureau's recent Market Intel article breaks down the events that have led to record beef prices in the United States and explains how farmers, despite these record prices at the grocery store, are more vulnerable now than ever.

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