Beef Prices Expected to Climb for Next 2 Years

Sunday, February 12th, 2012

The smallest cattle herd since the 1950s likely will mean higher beef prices at the supermarket for the next two years.

Experts said 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.

Those higher prices would follow steady increases that have seen the average retail cost of a pound of hamburger rise 23 percent, from $2.38 in December 2010 to $2.92 last December, according to the U.S. Department of Agriculture.

Read More: Ledger-Enquirer

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