The price of beef is going through the roof.  Reid Blossom with the Illinois Beef Association says beef prices are rising due to high demand.  The problem is there was a drought a-couple of years ago, so the supply is low.  He says cattle herds are at their lowest rates since the 1940's. 

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The price per pound has already gone up about 15-cents-per-pound.  That means people in Illinois are dishing out about three-55 for every pound of beef they buy.  Blossom says prices will start to do down once producers can replenish their herds and more cattle are available in the marketplace.

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