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Beef prices at record high

Friday, April 11, 2014 - 01:01

April 11 - Beef prices continue to climb as ranchers cut down the size of cattle herds following years of drought. Vanessa Johnston reports.

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Beef prices hit record highs across the United States. Dan Viehl is the owner of Butcher Block in Illinois. SOUNDBITE (English) OWNER OF BUTCHER BLOCK, DAN VEIHL, SAYING: "Right now we're paying prices that I've never seen before in my life. I've been in this business my whole life and we're paying for ribeyes right now a dollar fifty to two dollars more than we paid last year." What's behind the price hike? Ongoing droughts and rising grain costs, among other factors. Greg Dovell worries about the impact on his deli in California. SOUNDBITE (English) GREG DOVELL OF CANTER'S DELI SAYING: "Corn beef and pastrami - they're synonymous with deli. You know, we sell a thousand different things, but this is what keeps the doors open and the lights on." But switching to another type of meat may not be any easier on the wallet. Pork prices are up 10 percent from a year ago. Some blame it on a virus that's killed millions of baby pigs. And chicken? Some predict its prices could go up as producers seek to capitalize on the rising prices of other meat.

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Beef prices at record high

Friday, April 11, 2014 - 01:01