Beef Prices are Surging Worldwide

The average unit price for U.S. fresh beef in April rose by 5% from March and was up about 10% from a year earlier, according to NielsenIQ data. Pork and chicken prices are each up about 5.4% from last year. Although U.S. cattle supplies are ample, beef production is limited by a labor shortage and the processing capacity in slaughterhouses. Read more here.