U.S ‘Choice’ Beef Prices Climb to New High

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What’s a self-respecting red-meat republican carnivore to do? Take up cattle ranching as a hobby? Getty Images

The price of choice-grade U.S. beef at wholesale set a new record on Thursday as already tight supplies were further squeezed by harsh weather that reduced the number of cattle that came to market in parts of the country, analysts said.

Select beef cuts on Thursday also marked a fresh record high for a fifth straight day.

Choice beef typically has more “marbling” or fat, making it juicier and more tender than select-graded beef.

The day’s wholesale price, or cutout, for choice beef hit $212.05 per hundredweight (cwt), eclipsing the previous May, 2013 record of $211.37, according to the U.S. Department of Agriculture.

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