Kansas State University (KSU) has released two studies that show consumer incomes are sensitive to price increases of beef; however, top-quality branded products are more immune.

According to KSU economists, a chart of U.S. consumer disposable income and personal consumption expenditures since 1980 from the U.S. Department of Commerce shows long-term growth in the economy progressing in lockstep with "personal consumption expenditures."

To read more about consumer spending trends, click here.

 

More articles you may enjoy:

60+ Stunning Photos That Showcase Ranch Work Ethics

Industry Keeps Its Cool Amid Zilmax Ban, Angus Defects

How To Receive Full Value For Your Calves

Would You Eat A Test-Tube Burger?