Beef prices soar to near-record levels

January 30, 2012 1:47:56 PM PST
Beef prices jumped 10 percent last year, and the U.S. Department of Agriculture expects them to go up another 4 or 5 percent this year.

The increase is blamed on fewer cattle and an increase in exports to other countries.

The increase is blamed on fewer cattle and an increase in exports to other countries.


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