While beef prices are projected to fall, one industry economist argued that it's going to be a while before consumers see any relief. "It's going to be a slow and painful process for the consumer," Wells Fargo Agri-Food Institute chief agricultural economist Michael Swanson told FOX Business when explaining the complex market forces that need to change in order for prices to decline.The cost of beef has been a particular pain point for consumers for years, with retail beef prices hitting record highs in 2024 thanks to a combination of deteriorating pasture conditions, inflation and contracting...

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