Ranchbot CEO talks recent trends with beef prices
ELLY GRIMM
• Leader & Times
Recent numbers from the Bureau of Labor Statistics show the average price for ground beef hit $5.98 per pound in May, marking a 16.2 percent increase year-over-year.
That means beef products such as sirloin, chuck, and other cuts are also at historic highs, driven by multiple factors that continue to ripple across the industry, according to Andrew Coppin, a cattle expert and CEO of Ranchbot.