Beef prices at all time high, according to USDA - WSFA.com Montgomery Alabama news.

Beef prices at all time high, according to USDA

Posted: Updated:
  • More newsMore>>

  • WSFA 12 Special Report: Poison proof

    WSFA 12 Special Report: Poison proof

    Wednesday, July 30 2014 11:15 PM EDT2014-07-31 03:15:13 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)
    It can be a parents worst nightmare. You discover an open container, and your child unresponsive nearby. It can be easy for children to get into something they shouldn't thinking it was a soda or candy,More >>
    It can be easy for children to get into something they shouldn't thinking it was a soda or candy, and end up in a life threatening situation.More >>
  • Elmore County schools prepare for start of new year

    Elmore County schools prepare for start of new year

    Wednesday, July 30 2014 10:55 PM EDT2014-07-31 02:55:34 GMT
    (Source: WSFA 12 News)(Source: WSFA 12 News)
    The state's back to school state sales tax holiday weekend is this weekend, and it's just in time as Elmore County schools start back on Monday.     Around 11,000 students will show up on Monday and willMore >>
    The state's back to school state sales tax holiday weekend is this weekend, and it's just in time as Elmore County schools start back on Monday.More >>
  • Congress cooperates and fights as recess nears

    Congress cooperates and fights as recess nears

    Wednesday, July 30 2014 10:37 PM EDT2014-07-31 02:37:17 GMT
    Eager to begin a monthlong break, Congress leavened its customary heavy partisanship on Wednesday with a pinch of compromise, advancing legislation to repair the deeply troubled Department of Veterans Affairs.More >>
    Eager to begin a monthlong break, Congress leavened its customary heavy partisanship on Wednesday with a pinch of compromise, advancing legislation to repair the deeply troubled Department of Veterans Affairs and working...More >>
MONTGOMERY, AL (WSFA) -

Beef prices have skyrocketed. In fact, they're at an all time high.

According to the USDA, beef is up 5.4 percent since this time last year. Experts say there are several reasons for the big jump, including the fact that input costs, like corn, fuel and fertilizer are very costly.

"We're not making as much money as it may look because fuel and fertilizer, just everything, vehicles," said Chuck Madaris, a local farmer. "I mean we have started growing corn silage and grain feed just trying to keep our input cost down."

Beyond the increase in cost to produce beef, experts say the rise in price all boils down to simple economics. The supply of cattle is low, primarily due to extreme drought conditions the nation has seen over the past couple of years, yet the demand is at an all time high.

"Consumers want beef, they love beef, and they are willing to pay for it," said Erin Beasley, Director of Consumer Marketing for the Alabama Cattleman's Association. "If the demand stays high, which it is both in the states and the export market, the more cattle we can produce, the more beef we can put on the shelves, the better it is going to be for everybody."

The good news, experts believe the prices will level out. However, it may take some time because it takes about two years to get a cow to market weight. As farmers are able to develop their herds back to normal level, the supply will be much higher.

In the meantime, experts do have some tips to make the cost a little less for you. They suggest you buy in bulk, either for ground beef or even for cutting your own steak, just speak with a local butcher for help.

Also, shop the sales. Retailers should have great sales especially with grilling season upon us.

Lastly, be creative. Experts say the T-bone steak actually has two steaks, a filet and a New York strip, which should be enough to feed a couple and will certainly be less cost to cook at home rather than going out for a steak dinner.

For more information and tips visit: Beef. It's What's For Dinner.

Copyright 2014 WSFA 12 News. All rights reserved.

Powered by WorldNow