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Beef price trail from farm to dinner plate grows costly
A June 1971 breakdown shows a 1,000-lb steer priced at $327.79 to farmers, $340.10 wholesale carcass, and $468.40 retail in a system where byproducts add $20.65. After losses, 439 pounds of meat yield about $1.07 per pound, over three times the live on‑the‑hoof cost, with retail prices rising amid broader price pressures.
MENTIONED IN THIS ARTICLE
Don Kendall Washington
Agriculture Department
Labor Department
Herbert Stein
Council of Economic Advisers
Allen Baker
Department
Economic Research Service