date:Jul 04, 2012
Whats more, the Indianapolis Star reports the rate of increase for beef is more than price increases for not only other meats but food in general, which has been a consistent six-year trend.
Currently, the average retail price of beef is $5.04 per lb., up 28 percent from $3.94 in 2007. Agricultural economists blame this spike on shrinking beef herds plus the rising price of cattle feed.
Marsh grocery stores reports a decrease in beef sales and store management have said shoppers are opting to