Author: Kim Souza

by Kim Souza -

Consumer beef prices rise almost 23% in May

Consumers craving hamburgers, steaks and brisket paid high prices for the beef they purchased in May ahead of Memorial Day. The U.S. Department of Agriculture said retail beef prices rose…

by Kim Souza -

U.S. retail sales rise 17.7% in May

Consumers increased spending in May with retail sales up 17.7%, reversing the 14.7% drop in April. But retail sales through May are down 6.1% year-over-year, according to a U.S. Department…

by Kim Souza -

JC Penney to close four Arkansas stores

Arkansas will be home to nine JC Penney stores after the company closes four locations in the state as part of the Plano, Texas-based retailer’s Chapter 11 bankruptcy. The four…

by Kim Souza -

Analyst: Beef markets move past disruptions

U.S. beef markets are starting to recover from several weeks of upheaval after packing plants around the country were hit hard with COVID-19. Derrell Peel, livestock marketing specialist for Oklahoma…