Ground beef prices hit another record high as economy circles the drain

Wednesday, April 8, 2015
By Paul Martin

by: J. D. Heyes
NaturalNews.com
Wednesday, April 08, 2015

The price of ground beef just set another record high in recent days, as a combination of factors including the 2012 drought, which caused ranchers to dramatically thin herds, contribute to its doubling in price since 2010.

As reported by CNS News, the average ground beef price rose to its new record in February, reaching $4.238 per pound, according to data released by the Labor Department’s Bureau of Labor Statistics.

Towards the end of last summer – August – the average ground beef price for all types and grades topped $4 a pound for the very first time, coming in at $4.013, the BLS said.

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