Beef, Pork Prices on the Rise


Beef prices across the U.S. are reaching all time highs and are not expected to drop anytime soon. Meanwhile pork prices have risen 10 percent over the past year.

The rising beef prices are believed to be a product of the extreme winter, which has thinned the nation's cattle herds to levels last seen in the 1950s when there were half as many mouths to feed.

The retail price for USDA choice grade beef has risen to $5.28 per pound, up from $4.91 per pound a year ago and $3.97 in 2008.

And many are blaming the increase in pork prices on the outbreak of porcine epidemic diarrhea virus that has killed millions of baby pigs.

The virus has shown up in 27 states and the U.S. Department of Agriculture says the nation's pig herd population has shrunk 3 percent since the disease first appeared.