Beef Prices Spike to 27 Year High: Expensive Grilling Season

meat prices spike to 27 year high
It’s going to be an expensive grilling season. Beef prices have risen to their highest level in more than 27 years, and it doesn’t appear that there is going to be much relief in the near future.

The rising prices can be attributed to smaller herds, which are the smallest in the US since 1951, and growing export demand from countries like China and Japan. The average price for a pound of fresh beef reached $5.28 per pound in February. That price is almost a quarter more than it was the previous month, and the highest price for beef since 1987.

There is no immediate sign that prices will decline in the near future. Many ranchers have decreased the number of head in their herds du

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