See 5 ways the drought may hit your wallet at the grocery store
Beef prices »1 of 5 «
Although the USDA has predicted an increase in all grocery prices, with jumps of 2.5 to 3.5 percent, prices on beef and veal are predicted to go up 4 to 5 percent. Corn and soybeans, which have been heavily impacted by the drought, are a major feedstock for beef, pigs and chicken, and will drive meat prices higher. A U.S. News article says that some experts predict the prices on beef, poultry, pork, milk and eggs could rise as much as 10 percent.
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