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U.S. residents to have beef with beef prices

U.S. Residents to Have Beef with Beef Prices
In the upcoming months, some people might have a beef with beef prices.

'Ground beef is now selling for about $3.50 a pound and prices could rise another 15% in the coming months,' 'GMA' explains.

With the increasing cost of beef, restaurants might even need to rethink their menu items.

USA TODAY reports the price of beef has been rising since 2007 at an average rate of about $1/pound. The cost of cattle has also risen.

'The sky high beef prices are being blamed on ranchers raising fewer herds of cattle, particularly on areas experiencing a drought,' 'Today' reports.

Now, the U.S. cattle herd is the smallest it's been in 60 years. Marketwatch says that according to one poll, 'U.S. consumer demand for beef has been declining - 39% of Americans say they eat less beef now than they did three years ago, compared with just 6% who say they eat more.'

But for those of you who often crave a delicious burger, we've got some good news: cattle herds ARE beginning to increase.

Join the discussion

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mjr15 February 23 2014 at 5:36 PM

Give the corn that goes into ethanol to the cows

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1 reply
steve mjr15 February 23 2014 at 5:56 PM

That's what happened. ethanol and china free trade raised the price of corn to the point farmers sold the corn rather than feed livestock. when beef prices get high enough to make more money feeding cattle than just selling the corn we will have larger heards again, but with the high price.

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Gator Gary February 23 2014 at 4:50 PM

What does your so-called news contribute to those of us who try to stay informed? Who is on the take here? Are you trying to soften us up? How much did the oil producers pay you to run this bs? Beef is a commodity and we know that the laws of supply and demand have an effect on our bills- Why not report on the real cause of food price increases ? as blackbelt cites? This type of reporting is completely and totally contributing to the huge problem of inflation....does anyone take this reporting seriously...might as well take your "news" and make a posterboard for all the vegans and leave the poor farmers and the rest of us in the dust

Flag Reply +2 rate up
gfirealty February 23 2014 at 3:21 PM

Once the price hits a certain level where people will start to drastically cut back buying it...the price will drop.

Supply and demand always prevails...except when it comes to gasoline of course

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1 reply
Randy gfirealty February 23 2014 at 3:43 PM

Just get the gubmit bureaucrats and politicians along with their eco-terrorist puppeteers and then the market will quickly adjust and the price will stabilize and probably return to the levels of 5 to 7 years ago.

Flag Reply +2 rate up
skilletpops February 23 2014 at 3:43 PM

$10.00 hamburgers at fast food ?????????????????

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1 reply
envoyltd skilletpops February 23 2014 at 4:06 PM

It is already 8-9 bucks for fast food burgers what is another buck? Few years from now it will be 11-12 bucks a meal at fast food for your hamburger meal. What is most important is that Wall Street makes 100's of billions on us.

Flag Reply +1 rate up
gnobie01 February 23 2014 at 8:24 PM

gonna be eatin more fish n chicken this year

Flag Reply +2 rate up
rhannan314 February 23 2014 at 6:07 PM

It is very refreshing to read articles like this instead of constantly hearing about the two Dolphin NFL babies crying about being teased and treated like a sissy. "GROW UP!!!"

Flag Reply +2 rate up
bos04 February 23 2014 at 7:43 PM

Where's the beef ??????????????

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Frank February 23 2014 at 5:57 PM

The cost of produce will skyrocket this Summer due to the drought in California!

Flag Reply +2 rate up
4 replies
lorepod February 23 2014 at 5:38 PM

Eat more beans.

Flag Reply +3 rate up
Bob Palmer February 23 2014 at 6:48 PM

The only thing that keeps our ranch operational is the fact we are raising "Christmas Trees". Oil and Gas Wellheads.

Flag Reply +4 rate up
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