Beef Prices Expected To Climb
October 28, 2014 | 1 min to read
Nebraska’s signature dinner centerpiece is being served at a record cost and experts predict the hefty price of beef to continue rising next year, if at a more moderate rate than the 11 percent average increase expected this year.
Even after adjusting for inflation, beef prices are at record levels thanks to the U.S. cattle herd dropping to its smallest level since 1951. Beef and veal prices went up 2 percent from August to September alone.
Prices will stay high until the herd grows. Expansion likely won’t be very pronounced this year, but experts are beginning to see signs of it.
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