Here’s the time series on beef farm-to-wholesale spread, in 1982-84$.

Figure 1: Real retail price per pound (black line), wholesale-retail spread (tan bars), rest (blue bars), all in 1982-84$. Deflated using core CPI. Source: USDA, and author’s calculations.

Keep reading this article on Econbrowser Blog - James Hamilton & Menzie Chinn.

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