High beef prices show lingering effects of 2012 drought

Screen Shot 2014-06-12 at 3.59.53 PMThis year, putting beef on the grill may mean taking a few more bucks from the wallet.

Beef prices have spiked across the board, with sirloin steak up close to 20 percent from a year ago and ground beef running a couple dollars more per pound than it did last spring.

As chicken and pork prices have stayed relatively flat, and bacon prices have dropped, beef has grown more expensive.

Ranchers and economists attribute the higher prices, in part, to the Midwest drought of 2012. Because of the dry spell, ranchers reduced their herds, which tend to take a few years to get back up to size.

Read more from the Kansas City Star


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