For years, the price of cattle followed in almost lockstep with the price of beef. Prices for cattle went up as beef prices went up. Going back to 2000, the spread between the farm price and the wholesale price of beef averaged about $35/lb, and barely tipped above $56/lb. Since 2016, that spread has widened considerably. It now averages $76/lb, and was over $167/lb in 2020.
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