CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
BREAKING: Press conference at 4:30pm as CDC confirms Dallas patient diagnosed with Ebola | Read More | Watch Live: CBS 11 News | Listen Live 1080 KRLD 

Local

Rising Meat Prices Slice Into Diner’s Budgets

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

167944374 10 Rising Meat Prices Slice Into Diners BudgetsCelebrity Mug Shots

181572784 8 Rising Meat Prices Slice Into Diners BudgetsFunny Faced Cheerleaders

 alt=Musicians Then And Now

456131094 10 Rising Meat Prices Slice Into Diners BudgetsPHOTOS: George Clooney’s Wedding Weekend

 alt=Michael Phelps Arrested For DUI...Again

cowb thumb Rising Meat Prices Slice Into Diners BudgetsCowboys Cheerleaders

DALLAS (CBS 11 NEWS) – The rising cost of meat is hitting consumers and local restaurateurs in the pocket book.

Severe drought in several states has led farmers to raise fewer animals. That, coupled with a higher worldwide demand for meat, has pushed meat prices a cut above what they were last year.

Pork prices have increased 40 percent in the last year, rib eye prices have increased 10 percent and ground beef prices rose five percent, according to the USDA.

The higher costs are causing many restaurants to charge more on their menus to stay profitable.

“It’s always something that we look at, but we don’t want to burden our customers with any kind of price increase if we can help it,” said Jeff Forrester, Director of Purchasing at Dickey’s Barbecue.

The Texas-based barbeque restaurant slices through 12 million pounds of beef a year. “That’s brisket gold, is what that is,” said Forrester.

Ground beef prices at the grocery store are at a record high also and industry experts said they don’t see a break in the situation anytime soon.

“We expect meat prices to rise in the next few months especially with beef and pork,” said USDA Economist, Annemarie Kuhns.

Forrester said he believed it may take another two years before prices come back down.

But in Texas, where barbeque is as essential a fuel as gasoline to some — higher prices may not effect demand the same as in other parts of the country.

“It’s just like a religious thing. You just have to do it,” said Gary Perdue, a regular customer at Dickey’s.

(©2014 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Latest News:

Top Trending:

 

 

 

 

 

View Comments