date:Mar 31, 2016
also is contributing to the rise.
At the start of 2014, U.S. cattle supplies were the lowest in more than six decades after years of drought in the South and Southwest. The shortage sent beef prices soaring, but since then ranchers have been able to raise more cattle. The latest USDA numbers show herds at a five-year high, which is helping to drive prices down. In February, a pound of uncooked ground beef retailed for $4.38, about 7% below a year ago, according to data from the Bureau of Labor