Big Mac May Cost You More This Winter
You could pay a little more for steak or hamburger this winter.
Iowa State University livestock economist, Lee Schulz, says the cattle market is rebounding from years of drought, and along with lower grain prices and better forage, the conditions are good for producers. He says producers sell fewer animals to build up their herds to take advantage of the market situation and keeping those animals out of the marketplace means beef will cost more.
Schulz adds, while consumers may see higher prices, retailers are likely to cushion some of the impact.