Meat Prices Skyrocketing Ahead of Memorial Day Weekend - 8NEWS - WRIC | News Where You Live

Meat Prices Skyrocketing Ahead of Memorial Day Weekend

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The price for meat went up faster last month than any other in the last 11 years. The price for meat went up faster last month than any other in the last 11 years.
HENRICO COUNTY, Va. (WRIC) - Expect some sticker shock when you buy meat for your Memorial Day weekend barbecue. 

Deb Cushing says buying meat for her family has become a harder decision recently and she's not alone in feeling that way.

For the first time in a while, supermarket owner Tom Leonard had to slightly raise the price of his boars head meat just a few weeks ago.

He says it all starts with the beef.

"There's a shortage of cows," he says. "A lot of them are going over to China or South America so there's a shortage."

Also to blame is the drought in the western parts of the country where a lot of cows are raised.

New numbers show meat prices spiked by 3 percent in April - the most in 11 years.

Leonard says when one type of meat goes up in price, it can cause a chain reaction.

"The pork market has gone up because there's a shortage in there, which has put a lot of pressure on the chicken market, so you see the chicken market go up as well."
 
Even fish can't escape. Shrimp prices are up 61 percent this year according to the us bureau of labor statistics.

Memorial Day grilling could make people pay even more this weekend.

"You go into these holidays and people pull a lot of it which creates a shortage and prices go up again."
 
Leonard says he is working closely with suppliers to keep prices down as much as he can and also recommends buying in bulk and freezing meat which could save you some money.

Copyright 2014 by Young Broadcasting of Richmond

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