Feb 19, 2014 8:31 PM by Joanna Wise
More buck, less beef. The price of cattle is at an all-time high nationwide.
According to the U.S Department of Agriculture, the price of beef is at a record $5.04 a pound- a 6 percent increase from a year ago.
Because of the drought, the country's cattle population has dwindled to it's lowest levels since the 1950's.
"Before the drought we we're selling almost 6,000 a week," said Jace Honey, whose family founded La Junta Live Stock Commission, inc.
That was three years ago. Now, Honey sells about 1,200.
"40 percent of the cattle we had 12 years ago around here, people had to liquidate," said Honey.
Over at Adam's Ribs BBQ in Pueblo West, the high cost has been hard to digest.
"Our beef brisket in particular has gone up to about 50 cents a pound," said Owner Dan Adams.
The restaurant has added more varieties of meat to its menu, like friend chicken, turkey and bacon.
Honey believes the price of beef will most likely increase at least 10 percent by the end of the year.
Adam hasn't had to raise the menu prices yet, and he hopes he won't have to.
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