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What are the best beef stocks?

Brands, Inc. (NYSE:YUM), in addition to some of the best beef stocks discussed below. The global market for beef, which was valued at USD 49,700 million in 2022, is expected to reach USD 63,290 million by 2028, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period of 2022-2028.

How much is a boxed beef price?

USDA’s Wholesale Boxed Beef prices shot higher again in the Tuesday afternoon report. Choice boxes were up another $5.44 at $304.39, with Select $6.64 higher to $293.82. That tightened the Chc/Sel spread to $10.57. USDA estimated federally inspected cattle slaughter at 123,000 head for Tuesday, taking the weekly total to 239,000.

What is the value of beef in the United States?

Over the past two decades, although there have been minor fluctuations, the overall US beef production has remained stable. When it comes to retail sales, beef holds the top position among fresh meats in the United States. The value of fresh beef sold in the country exceeded 30 billion US dollars in 2021.

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