Floor planning is a form of financing for large ticket items displayed on showroom floors. Floor planning is a form of financing for large ticket items displayed on showroom floors. Topics
In February, the average retail price per pound for beef was $3.87, up 12.4% versus a year ago, according to market research firm FreshLook Data. The average retail price for a pound of chicken was up 3.9% in February versus a year ago, turkey was up 5.4%, veal up 6.7% and pork up 10%. Among all meat production, beef producers typically incur some of the highest production costs. For example, costs for cattle farming are much higher than for poultry farming.
Like all commodities, the prices will greatly depend on the current market conditions. According to BLS.gov, the average prices in the past were $5.33, $6.04 and $6.10 in early 2014. CNBC.com noted that in February of 2014, the average price was $5.46 per pound.