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Beef prices continue to climb

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By Eyewitness News

5:37 PM CST, November 28, 2012

(SALINA, Kan.)

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Beef prices are projected to rise 5.5% to 6.5% in 2012, due in large part to the continuing drought. The extreme heat this summer destroyed crops that are used to feed livestock.

Meat will cost consumers 3% to 4% more next year.

One Salina restaurant says it pays $0.60 more a pound than it did last year.

By the time 2012 ends, food costs overall will have risen as much as 3.5% this year A similiar increase is expected in 2013.

Poultry is projected to increase 6% this year and an additional 4% next year.

The price of fruits and vegetables fell in 2012 but are expected to increase 4% in 2013.

Why are beef prices up?