Celebrity Chef Wolfgang Puck Says U.S. Demand for Beef Remains Strong
Wolfgang Puck stated on CNBC that red meat continues to be popular with American diners even as some beef prices reached record levels ahead of Memorial Day. He noted that certain premium cuts have declined in price due to imports.
app.buzzsumo.comCelebrity chef Wolfgang Puck said on CNBC's Power Lunch program that Americans continue to purchase steaks and burgers despite record beef prices. He added that steakhouses rarely close because red meat remains popular among diners. Puck stated that demand for steaks has stayed strong across the country. He said some supermarket beef prices remain elevated ahead of the Memorial Day holiday.
Puck said certain premium cuts used in upscale restaurants have eased in price due to increased imports from Argentina and Brazil. He reported that tenderloin prices dropped roughly 25 percent from a year ago while rib cuts also declined modestly. The comments come as global food prices have risen for three straight months, with meat and vegetable oils reaching new highs according to separate reporting cited by Benzinga.
Key Facts
Story Timeline
2 events- Friday
Wolfgang Puck spoke on CNBC about beef prices and consumer demand.
1 sourceBenzinga - Recent months
Global food prices rose for a third straight month as meat hit new highs.
1 sourceBenzinga
Potential Impact
- 01
Restaurants may continue menu offerings without major price adjustments for some cuts.
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