Cattle herds thin as beef prices keep rising

Friday, February 10, 2012 - 4:47pm

Nothing says summer like the aroma and sizzle of a steak on the grill — but those are pleasures that are expected to cost even more this year and next.

The U.S. Department of Agriculture said Thursday that beef prices could climb as much as 10 percent a year in 2012 and 2013, and the increase could be even greater if demand from other countries increases.

It’s happening because cattle growers, already beaten down by rising costs for feed, fuel and other inputs, are struggling for survival as record drought grips Texas and other major cattle-producing states.

 

Read more at the Longview News Journal.com
 

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