Beef prices reach all-time high in U.S. - WKRN News 2

Beef prices reach all-time high in U.S.

Posted:
NASHVILLE, Tenn. -

Beef prices have reached all-time highs in the United States.

According to MTSU Professor Dr. Warren Gill, prices have been on a slow rise since 2007.

"That was the first really significant drought in this droughty period," he explained to Nashville's News 2.  

Dr. Gill said the drought has left cattle numbers at historic low levels.  

"We are at the lowest cattle number since 1950, particularly in the big cattle regions there just aren't enough cattle to keep numbers up," he said.

While supply is down, beef is still in demand.

"There is a tremendous international demand that's keeping it high."

High in the grocery stores and trickling into prices at restaurants, there doesn't seem to be relief for meat lovers anytime soon.

"The people that are selling cattle we don't want any relief, we are happy but the high prices it's very difficult to rebuild cattle herd numbers fast."

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