Beef, Pork Prices Soar Ahead of Holiday Weekend

By Lindsey Elliott (KSU)

Published 05/20 2014 01:14PM

Updated 05/20 2014 01:25PM

(MANHATTAN, Kan.) Be prepared if you're buying meat for a Memorial Day weekend cookout, prices are higher than ever.

A Kansas State University agricultural economist says beef and pork prices are at an all-time record high.

Bacon and burgers cost 13 to 15 percent more compared to last year. Beef is going for about $5 a pound, pork about $4 and poultry around $2.

The increased prices are because of animal health diseases, the drought and a smaller number of cattle. But these higher prices don't seem to be stopping people from buying.

"The public is willing to pay higher prices. They value the convenience, the freshness, the qualities that are in these meat products so add all that up, you're going to have people bidding more for fewer pounds that's going to push prices up probably in 2014," said Glynn Tonsor, Kansas State University agricultural economist.

It could be 2016 before there is more beef available on grocery shelves.

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