By John Michael Riley, Oklahoma State University Extension
Last Friday, USDA released their monthly retail beef prices and their farm-to-retail price spreads, with the latter indicating a decline in the “farm” share of the retail dollar. The farm share, which is a retail adjusted fed steer value, registered 51.7% of the retail value for the month of June.
The average retail price for fresh beef during June was a record $6.114 per pound. That is up 5.9 pounds from the month before, up 60.6 cents from a year ago, and up 5.3 cents from the old record set in March of this year.