IMPORTANT INFORMATION FOR DISH SUBSCRIBERS – SERVICE INTERRUPTION – CLICK HERE

BEEF PRICES: Herds Down, Prices Up

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
cattle

Those of you who enjoy a little red meat for dinner may be in for some sticker shock.

Cattle market experts say the trend of decreasing beef production will continue until 2015. The decrease in supply will in turn increase the cost of beef.

Cattle farmers have reduced their herds to the lowest levels in over 70 years. They say rising feed costs are to blame.

According to Livestock Specialist Lee Schroder with Iowa State University, the drought will play a big role in how long increased prices will stick around.  If the drought conditions improve, he expects cattle farmers to begin stabilizing their herds in 2013, if drought conditions worsen, they could have to reduce their herds further.

Follow

Get every new post delivered to your Inbox.

Join 2,909 other followers