Beef Prices to Rise in a Year According to MU Economist

8 years 4 months 2 weeks ago Thursday, November 04 2010 Nov 4, 2010 Thursday, November 04, 2010 10:15:51 PM CDT November 04, 2010 in News
COLUMBIA - MU economist Scott Brown specializes in analyzing the agriculture industry.

And he has come to the conclusion that beef prices will continue to rise over the next one to two years.

He attributes this rise to less calves being produced on a national scale.  This lack of beef has produced an decreased supply, increased demand, and a price increase of as much as $1.25.

Other beef buyers say they have seen the steady increase too.  Sean Foley of Clover's Natural Market says he has seen nearly a 10 percent increase in beef prices over the last few years.

But, he says, he is not too worried about the price spike because many of his customers do not eat or buy beef.

Scott Brown says he believes prices will begin to increase noticeably in the next year.  But he says the prices will decrease after three to four years.

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