With the Cattle Industry Struggling, the Question Is, 'Where's the Beef?'
Beef prices are likely to increase as rising food and fuel prices threaten many cattle ranches
By
Kent Garber
Posted July 15, 2008
The price label of a grass fed black angus steak is photographed at the Grazin' Angus Acres farm stand at the Union Square Farmers Market Friday, June 13, 2008 in New York. The Labor Department reported Friday that consumer prices rose by 0.6 percent last month, the biggest one-month increase since last November, as gasoline costs surged by 5.7 percent. Food prices, which have also been rising sharply, were up 0.3 percent as the cost of beef and bakery products showed big gains. (Mary Altaffer/AP)
