Any policy that results in higher costs of compliance without a quantifiable benefit will likely have an adverse economic impact, and recent research shows mandatory country-of-origin labeling, or MCOOL, is one such policy.
Choice boxed beef prices fell 34 cents on Wednesday to hit $256.63. The drop brought the 27-day average price to $257.90. Select boxed beef saw only a two cent decline, leaving it at $244.24 on Wednesday.
Choice primal chuck saw a large fall of $4.56 on Wednesday to reach $194.71. Choice primal loin saw just the opposite, gaining $4.37 on Wednesday to sit at $381.18. This jump brought the 27-day average pirce of choice primal loin to $364.44.