Beef Prices Reach 27-Year High

Published 04/14 2014 06:31PM

Updated 04/14 2014 06:42PM

By Ashley Hinson

The ongoing drought has beef prices at a 27-year-high and Beck's Quality Meatland is having a difficult time offering their customers good deals.

"We always strive to give the best price on our product," said David Gretchen, owner.  "Now, it's hard to do because I have to make a certain percentage to keep my doors open." 

The average price for a pound of beef is $5.28, an increase of 25 cents since January.
Eddie Owens, director of United Supermarket's communications , blames the past four years of extremely dry conditions for the price hike.

"Since our farmers aren't able to produce cattle feed, enough to supply the beef industries needs, then were seeing a reduction in beef herds and with that supply is not meeting demand," said Owens. 

Since it takes up to three years to rebuild a heard and with little rain in the forecast, Gretchen said there's no relief in sight.

"A lot of the herders are still suffering from the drought and a lot of them is not just reinvesting back into cattle," said Gretchen.  "So I could see this going on for another at least two or three years."

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