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Beef Futures Soar

The price of beef climbed to $5.96 a pound in April, a Schlitterbahn slide-worthy height backed up by the USDA’s 2014 food outlook. The report said beef was 11.1 percent more expensive this year than in April last year, even

BeefPrices_lg
The price of beef climbed to $5.96 a pound in April, a Schlitterbahn slide-worthy height backed up by the USDA’s 2014 food outlook. The report said beef was 11.1 percent more expensive this year than in April last year, even after adjusting for inflation. It’s a clear sign that years of drought in the southern Great Plains have taken a toll. And the soaring prices come at a time when many ranchers are working to rebuild their herds, which in turn temporarily limits the number of animals. Retail prices for other foods could be impacted by the contraction in animal numbers. To read a summary of the USDA’s report, click HERE.

Posted in Agriculture, Cattle, Farming, Feature, Great Plains, Kansas, Nebraska, News Desk, North Dakota, South Dakota

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