US Beef and Pork Price Relief Probably Won't Last
Photographer: Dania Maxwell/Bloomberg
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Producer prices of beef and pork fell in May, but the reprieve isn’t expected to last long.
Prices paid to beef and veal producers fell 9.5% last month from April levels and about 14% year on year, with pork prices posting their own decline, Labor Department data showed Tuesday. The falling prices are in sharp contrast to poultry, which continues to soar as bird flu slams the country’s chicken and turkey supply.