LA CROSSE, Wis. — The average price for a pound of fresh beef is the highest in at least 27 years, according to the U.S. Department of Agriculture.
The lingering effects of drought in California, the Great Plains and Texas have led to the smallest U.S. herd size in 60 years, said Austin Arndt, president of the Wisconsin Cattlemen's Association.
The dwindling supply, coupled with record beef exports in 2013, means high prices for consumers nationwide. The average price for a pound of fresh beef reached $5.04 in January, the highest on record dating back to 1987, according to the Department of Agriculture.
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