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What is causing meat prices to keep going up?

DALLAS – Don’t expect steak or pork chop prices to go down any time soon. The price of meat has been rising for the past few months and it is expected to move even higher. Drought in several states has led farmers to raise fewer animals. That, coupled with a higher worldwide demand for meat, has pushed up meat prices.

Pork prices have increased 40 percent in the last year, rib eye prices have increased 10 percent and ground beef prices rose five percent, according to the USDA.

Meat prices

Restaurants may have to raise prices to cover costs.

“It’s always something that we look at, but we don’t want to burden our customers with any kind of price increase if we can help it,” Jeff Forrester, of Dickey’s Barbecue, said.

USDA economist Annemarie Kuhns said beef and pork prices are expected to continue to rise over the next few months.

Forrester said he believed it may take another two years before prices come back down.

4 comments

    • buzz

      Since the liberal media deleted my comment let my try this one. Porcine virus has wiped out 10 pct of the baby pig population forcing the spike in pork prices aka bacon ect. C cattle head count is at a 60 years low due to the drought out west and down in Texas. We barely ship anything over seas right now de to the demand being needed to be met here in the U S. Shrimp prices are doubled due to a virus that’s wiping out the shrimp beds of baby shrimp in Asia, Phillipines, Mexic And China and has a 90 pct mortality rate

    • buzz

      So again its the rule of nature, not the government. All this info is available on line. I wish the liberal media would print the truth instead of only what they want. These are all true facts and obviously they didn’t like it or they would not have deleted my comments. All this info was gathered from business pages such as Bloomberg, zerohedge, financial juice

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