Spiraling beef prices causing sticker shock at Texas barbecue smokers
Take a bite of beef and chew on a little supply and demand. Cooked down by three years of punishing drought, the U.S. cattle herd has dwindled to its lowest level since the 1950s, and that ongoing shrinkage has driven the average price of beef to a record $5.04 a pound, according to a the U.S. Department of Agriculture.
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