Higher Beef Prices Predicted for 2014
LINCOLN - Shoppers in Nebraska may be concentrating more on getting a good buy on a turkey for Thanksgiving now, but bad news is on the way regarding the price of beef. Gerry Bange is the Outlook Board Chairman for the US Department of Agriculture and says consumers will be paying more for beef in 2014. Bange predicts beef production to drop about 6% next year and the price per-hundred-weight go up about 5%. Bange says importing beef isn't an option as supplies are also tight in the rest of the world. He says China is also a big buyer of beef and is snatching up supplies in Argentina that the US normally would have purchased.