USDA recently released the August retail meat prices showing that the All-Fresh Beef price was another record high at $9.18/pound, up from last month and up 12.6% year over year—over $1/lb. Retail beef prices continue to increase relative to broiler and pork prices. Figure 2 shows the beef-to-broiler and beef-to-pork retail price ratios since January 2023. Beef prices remain strong, and beef demand is robust despite the availability of favorably priced alternative proteins. This may slightly change relative values among beef products, but beef product demand continues to be strong at all levels.