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Beef prices rising in time for grilling season

6:38 PM, Apr 3, 2013   |    comments
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CLEVELAND -- With warmer weather on horizon, people are getting ready to grill. If you're flipping burgers or steaks, the prices on your favorite cut of beef could have you flipping out. Beef prices are on the rise.

Cattle growers say last year's drought is to blame. But beef sellers at the West Side Market say beef prices fluctuate like gas prices.

"It could be affected because of shipping costs, because of gas prices, and because of supply and demand. It's all quite simple economics," says Tony Pinzone, owner of Pinzone's Meats.

And even though they haven't seen their suppliers tack on a higher price tag just yet, vendors know it's coming.

At first, cattle growers said to expect a 10 percent jump in wholesale price. But as we get closer to spring, the U.S.D.A. says the drought factor was smaller than anticipated, and so far, beef prices were only up as much as 5.6 percent compared to last year.

And on Tuesday, beef prices actually fell on the Chicago Mercantile Exchange.

The problem is, for these guys behind the counter, if one cattle grower raises prices, the smaller local growers follow suit.

"If that's going to go up, then all of the little guys are going to say, alright, we need to go up to keep it kind of fair. Because they won't be able to keep up with supply and demand if everyone starts going to them," says Andrew Dionne, owner of Dionne's Meats.

WKYC-TV

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