Soaring Beef Prices Signal Limit on US Consumer Spending

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1. 1After nearly two years of sharp increases, beef prices signal a limit on US consumer spending
2. 2Sales volume in the 13 weeks ended mid-July fell 0.3% year over year, versus a roughly 5% increase in the prior two-year period
3. 3Demand weakens even during peak grilling season... signs of a ceiling on willingness to pay prices, with chicken consumption rising

Source Bloomberg · View original ↗

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