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Beef prices reach highest level since 1987

By The Associated Press

This article was published April 12, 2014 at 9:56 a.m.

— The highest beef prices since 1987 are hitting the pocketbooks of home cooks and restaurant owners.

A dwindling number of cattle and growing export demand have tightened the supply and caused the average retail cost of fresh beef to climb to $5.28 a pound in February -- 24 cents higher than January.

Prices likely will stay high for a couple of years as cattle producers start to rebuild their herds. Those in the in the Southwest and Midwest will need enough rain to replenish parched pastures.

Some shoppers are turning to chicken or pork, though those prices are on the rise as well.

Some independent restaurants have hiked their menu prices or switched to smaller steaks. An economics professor says chain restaurants combat the price spike by buying in bulk.

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DontDrinkDatKoolAid says... April 12, 2014 at 10:11 a.m.

Thank God that I'm able to purchase my beef direct from the rancher. Whole cow anybody?

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FreeSpiritMan says... April 12, 2014 at 10:25 a.m.

If us lessor individuals would stop eating meat and exercise more we would still be around when dddka has gorged himself to death on his cheap beef.

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DontDrinkDatKoolAid says... April 12, 2014 at 11:03 a.m.

I pay three dollars a pound over all. The meat is processed to specification, vacuumed sealed and frozen. Any beef with that?

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Kajon says... April 12, 2014 at 1:44 p.m.

I'm 82 yrs. old and have been eating meat since I was weaned. I raise a large garden, mow my own yard and am active in other ways. I eat fried foods almost every day and until my early 20s, everything I ate was either fried in or seasoned with pure lard. So, Bill, tell me why I am not dead or in a nursing home.

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DontDrinkDatKoolAid says... April 12, 2014 at 1:48 p.m.

Kajon, I have truck patch myself.

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T6 says... April 12, 2014 at 3:33 p.m.

Kajon.. That's why BillSmith is brain dead he never eats meat. Beef, yum!

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NoUserName says... April 12, 2014 at 7:26 p.m.

KoolAid, that rancher near Central AR? If so, can you pass along the name? I've been tinkering with getting a side of beef for years and think this is the year I'll do it.

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FreeSpiritMan says... April 12, 2014 at 7:42 p.m.

This shows that God, Food or Drink has nothing to do with life expectancy, it is all about genes which we have no control over. Eat, Drink and be Merry for tomorrow we die.
Have a nice day.

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FreeSpiritMan says... April 12, 2014 at 8:10 p.m.

T6 ..... I had rather be brain dead than have one that is so intolerant of others as your's surly is.

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djigoo says... April 13, 2014 at 12:32 a.m.

Beef jerky is one of my desert island foods.

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