Ballooning Beef News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Social life. reporter: but from barbecues to butcher shops to restaurants, americans are facing sticker shock in the form of ballooning beef and bacon prices. the average retail cost of beef is $5.36 a pound. up 32 cents since january and highest price since 198737 jim guthrie blames the severe drought in the southwest for reducing cattle herds and pushing up prices. people liquidated the herds because they didn t have enough forage or feed to keep their cows. reporter: pork prices are also up. thanks to a virus that killed millions of pigs in the u.s. the retail price of bacon has spiked to $5.55 a pound. up 64 cents in a year. consumers are feeling the squeeze. yeah. definitely looking at the price. you have to save money wherever you can. reporter: still some butchers say they re being cautious and won t raise retail prices too ....

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