Madisonville meat business owner says beef price spike comes down to supply and costs
MADISONVILLE, Ky. — Rising beef prices are squeezing Kentucky households, but a Madisonville meat business owner said the hikes stem from historic supply shortages and soaring production expenses rather than any effort to overcharge customers.
Madisonville meat business owner says beef price spike comes down to supply and costs. MADISONVILLE, Ky. — Rising beef prices are squeezing Kentucky households, but a Madisonville meat business owner said the hikes stem from historic supply shortages and soaring production expenses rather than any effort to overcharge customers. What You Need To Know National average ground beef prices have climbed to nearly $7 per pound, matching the $6.99 price at Calhoun’s Custom Meats in Madisonville The U.S. beef cow herd is the smallest it has been in 70 years, while feed, fuel and other input costs have risen sharply Many Kentucky shoppers are switching from beef to pork, which has not seen similar price increases because hog production cycles are much shorter and can recover faster than cattle herds Alan Lutz said the business is not price gougin...