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.