Dr. William Secor

-Grilling season has begun in earnest. Beef price data suggests beef demand is strong during this important sales period. Retail prices for the month of May jumped by three percent compared to last month, are five percent above last year, and well above the previous 5-year average. Recent weekly beef cutout values are also at historically high levels, approaching levels similar to summer 2021. This suggests that demand strength has continued into June.