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Beef prices to hit record in 1977 says Agriculture Department
Agriculture Department economist Richard Crom predicts retail beef prices will average about 1.49 per pound in 1977, topping 1976’s 1.39 and 1975’s 1.46. He cites cattle herds shrinking after heavy losses and expects pork prices to drop slightly while beef peaks in summer. Overall retail food prices are seen rising 3 to 4 percent next year.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Richard J. Crom
Department
Economic Research Service
Cram
Crom
Ment