Drought forces cattle sales, beef prices remain high in the grocery store
8/1/2022 5:57:13 PM
CATEGORIES:
Agriculture
Plants & Wildlife
Society & Public Health
AFFECTED AREAS:
Alaska
Alabama
Arkansas
Arizona
California
Colorado
Connecticut
District of Columbia
Delaware
Florida
Georgia
Hawaii
Iowa
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
Massachusetts
Maryland
Maine
Michigan
Minnesota
Missouri
Mississippi
Montana
North Carolina
North Dakota
Nebraska
New Hampshire
New Jersey
New Mexico
Nevada
New York
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Vermont
Washington
Wisconsin
West Virginia
Wyoming
Start Date: 3/15/2022
- End Date: 7/31/2022
Beef prices have hit historic highs in the last year, making beef pricier at the grocery store. Drought makes it harder and more costly to feed cattle, leading ranchers to sell cattle. With so many cattle being slaughtered, the cattle herd is getting smaller, which will contribute to keeping beef prices high in coming years.
From March 2021 to March 2022, steak prices rose 16.7%, while prices for other beef rose 25.4%. Steak prices peaked at a record high of $10.23 per pound in November, and ground beef reached a high of $5.41 a pound in April.
Business Insider (New York), Aug. 1, 2022
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