Retail beef prices reach record highs Beef prices have risen 21% over last year
In this Tuesday, June 15, 2021 photograph, beef is displayed in the meat department at Lambert's Rainbow Market, in Westwood, Mass. Prices at the wholesale level surged by a record 9.6% in November 2021, from a year earlier, an indication of on-going inflation pressures The Labor Department said that its producer price index, which measures inflation before it reaches consumer, rose 0.8% in November compared to October, the highest monthly reading since June.(AP Photo/Charles Krupa) (Charles Krupa, Copyright 2021 The Associated Press. All rights reserved.)
Customers are now paying more than ever for beef.
Retail beef prices are at record highs, rising 21% over the last year.
[TRENDING: Here’s how the new I-4 express toll lanes work | Florida lawmakers ask Gov. DeSantis to declare a state of emergency on housing | Become a News 6 Insider (it’s free!) ]
It comes even as ranchers have been making less money for their cattle.
Experts say the issue of lower cattle prices has a lot to do with the fact that there are more cattle to process than space to process them. But, they say things are changing.
The next couple of years are expected to look good for cattle producers, and that’s one of the reasons that beef is in high demand.
Dozens of meat processing facilities have opened in Montana in the last year and half, with more on the way.
Copyright 2021 by CNN Newsource - All rights reserved.
Flagler Beach faces $42K bill for removing abandoned sailboat ▶ 0:48
Flagler Beach faces $42K bill for removing abandoned sailboat
Mike Valente previews hearing in fatal shooting outside Orlando nightclub ▶ 1:07
Mike Valente previews hearing in fatal shooting outside Orlando nightclub
Feds bust man for selling fake Homeland Security badges, shirts to immigrants ▶ 1:00
Feds bust man for selling fake Homeland Security badges, shirts to immigrants
Neighborhood on edge over door kick challenge ▶ 0:28
Neighborhood on edge over door kick challenge
Volusia introduces powerful new tool to teach swimmers how to survive rip currents ▶ 0:51
Volusia introduces powerful new tool to teach swimmers how to survive rip currents
Florida teacher amasses more than 17 million video views: Here’s her story of kindness ▶ 0:47
Florida teacher amasses more than 17 million video views: Here’s her story of kindness
New video shows Daytona Beach police questioning suspect hours before teen’s neck slashed ▶ 0:57
New video shows Daytona Beach police questioning suspect hours before teen’s neck slashed
The Central Florida Fair is back in town Feb. 26 - Mar. 8 ▶ 0:51
The Central Florida Fair is back in town Feb. 26 - Mar. 8
Costco is phase 1 in new owners’ plans to ‘de-mall’ Seminole Towne Center ▶ 0:53
Costco is phase 1 in new owners’ plans to ‘de-mall’ Seminole Towne Center
Best food to eat at an Orlando City Soccer game! ▶ 0:52
Best food to eat at an Orlando City Soccer game!
Breaking down the latest bills passed by the Florida House ▶ 1:54
Breaking down the latest bills passed by the Florida House
Orlando Pride's Unity Kit Honors Pulse Tragedy Survivors ▶ 0:33
Orlando Pride's Unity Kit Honors Pulse Tragedy Survivors
NASA rolls Artemis II moon rocket off the launch pad for more repairs ▶ 0:45
NASA rolls Artemis II moon rocket off the launch pad for more repairs
Brevard County considers raising gas tax to fund transportation projects ▶ 0:49
Brevard County considers raising gas tax to fund transportation projects
Florida bill could end charitable bail programs, raise taxpayer costs ▶ 1:06
Florida bill could end charitable bail programs, raise taxpayer costs
Mom accused of child neglect arrested again when toddler nearly drowns ▶ 1:00
Mom accused of child neglect arrested again when toddler nearly drowns
Walmart shooting: Deputies release body camera video of officer-involved shooting ▶ 0:09
Walmart shooting: Deputies release body camera video of officer-involved shooting
VIDEO: Sabatini lashes out at Lake GOP after losing vote ▶ 0:56
VIDEO: Sabatini lashes out at Lake GOP after losing vote
VIDEO: Sabatini lashes out at Lake GOP after losing vote ▶ 0:20
VIDEO: Sabatini lashes out at Lake GOP after losing vote
Critical fire conditions build throughout Central Florida amid growing drought ▶ 1:15
Critical fire conditions build throughout Central Florida amid growing drought
Will March be more spring or winter in Florida? ▶ 1:25
Will March be more spring or winter in Florida?
Florida House gives final OK to property tax cuts. Here’s what happens next ▶ 0:36
Florida House gives final OK to property tax cuts. Here’s what happens next
Volusia County residents urged to dispose of yard debris safely amid burn ban ▶ 0:42
Volusia County residents urged to dispose of yard debris safely amid burn ban
6 Things To Do: Feb 21-22 ▶ 0:52
6 Things To Do: Feb 21-22
St. Cloud’s 1st Black council member helps turn the page on city's painful past ▶ 1:14
St. Cloud’s 1st Black council member helps turn the page on city's painful past
Previous photo Next photo 