Livestock
8:00 pm
Sun August 18, 2013

It’s what’s for dinner, and it’s more expensive

Credit aspiringgentleman.com

The price of beef recently hit a record high according to KUT News, and it’s not just the drought driving prices up. 

David Anderson, agricultural economist at Texas A&M University, said the are a few more contributing factors to the increased price.  They are:

  • Record high feed prices due to the expanded use of corn to make ethanol
  • Feed costs more because production expenses, like diesel and fertilizer, have gone up
  • Higher costs have caused ranchers to produce less beef
  • The rest of the world does not produce grain fed beef.  American beef is marbled, tender, and has more flavor.
  • The uniqueness drives up export demands.  The USDA predicts record export growth this year.