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Consumer beef prices at all-time high (VIDEO)

Ribeye_on_Grill__82065.1376268992.1280.1280BY BECKY KISER
Hays Post

As the weather warms, a lot of people are firing up their outdoor grills. They may also be firing up about high beef prices.

The cattle herd in the United States, the largest beef producer in the work, has fallen to an estimated 63-year low, according to a Bloomberg survey.

Beef cattle scientist John Jaeger at the Hays K-State Agriculture Research Center says higher beef prices at the grocery stores don’t necessarily mean more money for Kansas cattle producers:

Jaeger says the drought has caused poor pasture for grazing and higher grain prices for feeding cattle.

The average retail value of “all-fresh” USDA choice-grade beef jumped to  a record $5.28 a pound in February, according to the U-S Department of Agriculture.

That’s up from $4.91 the same time a year ago. The same grade of beef cost $3.97 as recently as 2008.

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