Beef Prices Spiking

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STATELINE (WIFR) – Get ready for sticker shock the next time you buy beef. The price of red meat is skyrocketing all across the country.

If you’re getting ready for the grilling season, be ready. You might be shocked to see how much prices have gone up and experts say they may go even higher.

The price of all fresh beef has reached a national average of almost $5.50 a pound and local meat shop owners say you can expect to pay $5 more for some steaks. The Winnebago-Boone Farm Bureau says the spike in pricing is because of the drought in 2012 and because the number of cattle is down nationwide to the lowest number in over 60 years.

“With a large demand and with larger inputs and costs, we’re seeing a larger cost of beef in the store. One issue at a time doesn’t usually drastically affect the price, but when you have multiple things occur, then you can see a rise in price over time,” said Ann Marie Cain with the Winnebago-Boone Farm Bureau.

Store owners and market experts say there is no clear indication that prices have peaked yet and prices may end up going higher as the months roll on.
The price of beef isn’t the only thing rising. Pork is also going up and some meat producers say the price of chicken may increase this year as well.

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