CALGARY – Don’t expect to be paying less for your burgers and steaks any time soon, according to industry experts who cite record-high slaughter prices along with ongoing climate and other challenges faced by ranchers.
“There’s always lags in the system and for prices in stores,” said Rich Smith, executive director of the Alberta Beef Producers.
According to Statistics Canada data released Monday, the price at slaughter for 100 pounds of Alberta beef rose to $192.80 in May. That’s a 36 per cent jump from May 2014 and now stand as the highest price on record.
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