The soaring beef prices have triggered pressure on holiday consumption: Cost transmission and structural challenges in the business chain
Recently, the price of beef in the United States has soared to $6.67 per pound, reaching a high point in over a decade. The family barbecue on Independence Day has become a microcosm of the cost burden, with an average cost of $7.09 per person per meal, and a family of 10 people spending more than $70.
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