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Old 04-08-2014, 09:46 PM   #1
Swine Spectator
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Default Bad News on Beef Prices

Beef prices hit all-time high in U.S.



"We're dealing with chronically low herds," said Richard Volpe, an economist for the USDA. "Beef prices should remain at near-record highs this year and into 2015."
Volpe and other experts say American consumers probably will think twice at the supermarket meat aisle, forgoing steak and ground beef for cheaper sources of protein.
"Chicken and other poultry may stand to benefit from this whole big mess," said Smith of Archer Financial Services.
One reason why beef prices will take some time to ease: Calves require more than two years to gain enough weight for slaughter. And not every rancher will still have a herd to breed from after so much liquidation.
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