Price of beef expected to rise

Created: 01/08/2014 8:53 AM WHEC.com

You may notice prices for steaks and burgers rising at the grocery store.

The Wall Street Journal reports cattle prices hit a record high last week. The price hike comes from ranchers who reduced their herds in the face of higher corn prices resulting in a supply squeeze.
The Wall Street Journal reports retail beef prices are estimated to rise 2.5-percent this year.