Rising beef prices take a bite out of family budgets

Published: Thursday, June 14 2012 12:04 p.m. MDT

With the rising costs of beef, family budgets are taking a hit, according to the Omaha World-Herald.

Jayme Halbritter, AP, AP2006

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With the rising costs of beef, family budgets are taking a hit, according to the Omaha World-Herald.

Beef costs have risen about $1 to $1.50 a pound since last summer, Jason Perry, first cutter at Russ Market's meat department, told the Omaha World-Herald.

Consumers are paying higher prices for beef as national and international trends are pushing prices up, according to the article. Hamburger and steak prices are significantly higher now than they were a year ago, and they expect prices to continue upward through the summer, grocers and meat retailers in the Omaha area told the Omaha World-Herald.

The number of cattle in the U.S. has been downsized to its smallest since 1952 due to recent droughts in the Southern Plains, according to the article. Higher costs of feed and fuel also contribute to the rising cost of beef.

"The take-home message from the consumer standpoint is don't expect any real decrease in prices anytime soon," Jeff Stolle, vice president of marketing for the Nebraska Cattlemen, told the Omaha World-Herald.

EMAIL: bbullock@desnews.com

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