Ground beef cost an average of $6.78 a pound in November. That is a 2.1% increase from September and 15% higher than this time last year.
Breakdown
- Ground beef reached $6.78 per pound in November, up 15% from last year 7s
- U.S. cattle herd is historically small, contributing to high prices 20s
- Tyson Foods will close its Lexington, NE beef plant on January 20th 31s
- Closure will lay off 3,200 workers, over a third of Lexington's population 38s
- The plant has operated for 30 years, employing many immigrant workers 1m 26s