Beef costs have been steadily climbing in past 3 years - Action News
Home WebMail Tuesday, November 26, 2024, 10:55 PM | Calgary | -6.2°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
British ColumbiaPoll

Beef costs have been steadily climbing in past 3 years

The latest Statistics Canada figures show the retail cost of regular ground beef has risen 41 per cent in the last three years.

Statistics Canada data shows cost of regular ground beef has risen 41% in past 3 years

The latest Statistics Canada figures show the retail cost of regular ground beef has risen 41 per cent in the last three years. (CBC)

If you're a meat lover, chances are you have noticed your bill for that steak has been beefing up.

The latest Statistics Canada figures show the retailcost of regular ground beef has risen 41 per cent in the last three years.

On average, apound of ground beefthat cameat a sticker price of$4.03in April2012, cost$5.71by April2015.

In B.C., some butchers and stores are blaming the higher costs on a smaller supply of cattle and increased feed costs.

The North American cattle herd isestimated to beat its lowest level in the past 50 years, and that smaller supply is driving up prices for consumers.

Save-On Meats butcherColin Fleming says he's noticed the rise on the costs especially in the past six months.

"The droughts in the last three years has really brought up the price of feed which is causing a lot of farmers to cut back on their cattle supply,"he says.

"Definitely people who are used to be eating beef, say, every week might change to every couple of weeks."

Chris JacksonofJackson's Meat says he's noticed his customers are looking for alternatives.

"It's most noticeable on like things like lean ground beef or extra lean because they're like the commodity cuts and they're expensive too now," he says. Instead, "People are buying chicken. They're buying pork, lamb."

KevinGrier, an Ontario-based independent analyst, says beef prices are likely going to remain high.

"It will probably take until 2017 or more before we see supplies increase and we get a break on pricing," he says."It's a new reality we are facing."

Take our poll on how the rising cost of beef has affected your eating habits.