Beef prices hit record high - WGEM.com: Quincy News, Weather, Sports, and Radio

Beef prices hit record high

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PALMYRA, Mo. (WGEM) - If you're planning on serving beef for your Super Bowl party, you may want to think again.

Beef and cattle prices are at a record high. Edward Dent, owner of the Country Butcher Shop in Palmyra says he's seen prices spike 30 to 40 cents a pound just in the last couple of weeks.

Dent says the cattle supply is at an all time low after years of a nationwide drought.

"It takes two to three years to duplicate the herds and when they had no feed, hay or grass to feed the animals, all of those went to slaughter at that time," Dent said. "Now we're experiencing the real loss."

In the meantime, Dent says consumers may want to rethink the type of meat they're buying.

"My suggestion would be to switch to ground pork," Dent said. "It's much more affordable and you can use it in all of the same dishes as you can ground beef."

Dent expects price of beef to level off within the next two months.

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