1996 News Archive
RETAIL BEEF PRICES REMAIN BELOW YEAR-EARLIER LEVELS
DENVER, Feb. 14, 1996 -- Retail beef prices remained
favorable for consumers during the past month, the National
Cattlemen's Beef Association points out. Increases in average
prices of some steaks brought an increase in the overall average
price of six cuts that are included in a monthly survey, but
prices of most cuts remained relatively low.
Reporting on its 19-city survey of super markets, NCBA noted
that the average price of six cuts on Feb. 8 was $3.11 per pound,
compared to $3.02 on Jan. 11 and $3.13 a year ago. At the time
of the latest survey, retailer price-featuring of steaks happened
to be less prevalent than a month earlier, and increases in
national average prices of round and sirloin steaks were enough
to raise the six-cut average. Ground beef and roast prices
remained relatively low, and the six-cut average again was down
from levels prevailing during much of 1995. Large supplies of
beef and other meats have kept pressure on wholesale beef prices
and, in turn, on average retail prices.
National average prices of the six cuts on Feb. 8 were:
Regular ground beef, $1.50 per pound; lean ground beef, $1.91;
boneless round steak, $3.11; boneless top sirloin steak, $3.86; T-
bone steak, $5.70; and boneless chuck roll roast, $2.55. While
steak featuring was less prevalent at the time of the latest
monthly survey in 19 cities, national weekly featuring analysis
programs show that consumers across the country continue to have
frequent bargains on most cuts.
Average prices in the monthly survey (second Thursday of
each month) vary from month to month and among cities partly
because of the variations in merchandising approaches and in the
amount of price featuring at the time of the survey. Seasonal
supply and demand trends also are significant. Differences in
wage, transportation and other costs are among other reasons for
the variation in prices among cities.
-0-
City 80% Top Chuck
Regular Lean Round Sirloin Roll Average
Ground Ground Steak Boneless T-bone Roast 6 Cuts
Beef Beef Boneless Steak Boneless
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2/9/95 1.79 2.42 3.32 3.32 5.65 2.22 3.12
Atlanta 1/11/96 1.72 2.42 3.42 3.99 5.65 2.39 3.27
2/8/96 1.89 2.55 3.75 3.99 5.32 2.55 3.34
2/9/95 1.79 2.24 4.59 5.49 7.34 3.54 4.17
Baltimore 1/11/96 1.69 2.12 3.76 4.56 7.29 3.42 3.81
2/8/96 1.69 2.34 4.64 4.49 6.99 3.54 3.95
2/9/95 1.69 2.09 2.96 3.69 5.42 2.62 3.08
Chicago 1/11/96 1.73 2.16 2.59 2.52 5.16 2.36 2.75
2/8/96 1.69 1.72 2.68 3.19 5.92 2.66 2.98
2/9/95 1.52 1.82 2.32 4.29 6.19 2.59 3.12
Columbus 1/11/96 1.48 1.79 3.04 3.89 6.34 2.54 3.18
2/8/96 1.54 1.79 3.09 3.59 6.89 2.44 3.22
2/9/95 1.54 1.79 2.99 2.79 5.99 2.79 2.98
Dallas 1/11/96 1.54 2.09 2.99 2.49 5.49 2.64 2.87
2/8/96 1.59 1.84 3.19 4.49 4.49 2.59 3.03
2/9/95 1.44 2.09 2.99 3.99 4.99 2.79 3.05
Denver 1/11/96 1.39 1.99 2.89 3.99 5.19 2.44 2.98
2/8/96 1.44 1.99 2.89 3.99 5.19 2.64 3.02
2/9/95 1.26 1.46 2.06 3.32 5.12 1.79 2.50
Des Moines 1/11/96 1.19 1.13 1.90 2.88 3.66 1.40 2.03
2/8/96 1.14 1.20 2.16 2.92 4.76 1.86 2.34
2/9/95 1.64 1.84 3.63 3.44 5.24 2.64 3.07
Detroit 1/11/96 1.69 2.29 2.94 3.94 5.44 3.09 3.23
2/8/96 1.59 1.89 3.76 4.39 6.39 1.99 3.34
2/9/95 1.49 2.09 3.04 2.74 5.69 2.19 2.87
Houston 1/11/96 1.39 2.04 3.04 4.19 4.94 2.79 3.07
2/8/96 1.44 2.19 2.99 4.19 5.69 2.64 3.19
2/9/95 1.55 1.82 3.05 4.35 5.75 2.65 3.20
Jackson 1/11/96 1.48 1.85 3.02 3.75 6.02 2.38 3.08
2/8/96 1.51 1.81 2.98 4.12 6.08 2.38 3.15
2/9/95 1.36 1.56 3.22 4.32 4.89 1.82 2.86
Kansas 1/11/96 1.09 1.66 3.06 3.49 5.36 2.66 2.89
City 2/8/96 1.29 1.62 2.72 3.29 4.52 2.66 2.68
2/9/95 1.74 1.89 3.49 3.79 6.24 2.44 3.27
Los 1/11/96 1.41 1.72 2.21 3.52 5.65 2.59 2.85
Angeles 2/8/96 1.44 1.69 2.94 3.74 4.39 2.04 2.71
2/9/95 1.24 1.34 2.59 3.59 5.49 1.99 2.71
Louisville 1/11/96 1.34 1.79 2.59 3.49 5.99 2.44 2.94
2/8/96 1.34 1.89 2.59 3.84 5.99 2.44 3.02
2/9/95 1.79 2.29 3.14 4.39 6.84 3.14 3.60
New York 1/11/96 1.54 2.34 3.09 4.09 6.99 3.09 3.52
2/8/96 1.54 2.34 3.09 4.09 6.99 3.09 3.52
2/9/95 1.14 1.52 1.86 3.49 5.42 2.19 2.60
Omaha 1/11/96 1.19 1.62 2.49 3.29 4.49 1.89 2.50
2/8/96 1.29 1.76 2.16 3.39 5.82 1.96 2.73
2/9/95 1.49 1.89 2.89 3.19 4.92 2.46 2.81
Phoenix 1/11/96 1.39 1.76 2.86 3.16 4.69 2.29 2.69
2/8/96 1.36 1.66 2.82 3.12 4.82 2.32 2.68
2/9/95 1.39 1.34 2.64 3.99 4.99 2.44 2.80
Portland 1/11/96 1.44 1.56 2.45 3.82 4.99 2.69 2.83
2/8/96 1.44 1.66 2.45 3.82 4.99 2.76 2.85
2/9/95 1.69 2.12 3.99 4.32 5.96 2.56 3.44
San 1/11/96 1.66 2.02 3.22 2.99 5.79 2.79 3.08
Francisco 2/8/96 1.66 1.99 3.52 4.29 6.09 2.26 3.30
2/9/95 1.79 2.24 4.59 5.49 7.34 3.54 4.17
Washington 1/11/96 1.69 2.12 3.76 4.56 7.29 3.42 3.81
DC 2/8/96 1.69 2.34 4.64 4.49 6.99 3.54 3.95
2/9/95 1.54 1.89 3.11 3.92 5.73 2.56 3.13
19 Cities 1/11/96 1.48 1.92 2.91 3.61 5.60 2.60 3.02
Avgs 2/8/96 1.50 1.91 3.11 3.86 5.70 2.55 3.11
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