If you've been inside a meat market recently, you've probably noticed that prices on the rise. Local butchers tell me meat costs keep going up, especially beef.
Breakdown
- Meat prices at local butchers have increased, with some cuts up by $2 per pound. 9s
- Beef has seen the largest price hikes, with steaks up over 12% and ground beef up 11.5%. 38s
- Reduced supply and herd sell-offs are contributing to higher costs. 49s
- Customers are adapting by buying smaller portions but remain willing to pay more for meat. 1m 6s
- Butchers are absorbing some costs but expect prices could continue to rise. 1m 43s