News Sections
Beef Prices Continue To Rise
Updated May 30, 2013 6:55 AM
 Print    Archive    RSS

(WEST LAFAYETTE) - As grilling season begins this summer, beef prices across the country are continuing to rise.

There are several reasons for the record high beef prices we've seen. Purdue University Agricultural Economist Chris Hurt says last year's drought and farmers moving more of their corn to ethanol production are the main factors in creating smaller supplies which leads to higher prices. Hurt says these issues go back a few years.

He says we saw a ten percent increase in beef prices in 2011, another six percent increase in 2012 and this year, prices are expected to rise another three to four percent.

Hurt says consumers can expect these high prices to stick around for a few more years. He says if all goes well, we could see higher beef supplies, and therefore lower prices, by 2016.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File