Forest fires and fireworks bans aren’t the only effects of long-term drought being felt across much of the nation. As feed gets more expensive and arid land becomes harder to graze on, cattle ranchers around New Mexico and elsewhere in the U.S. are being forced to sell off their herds, which leads to a price spike as demand for beef remains high and supply gets lower and takes years to recharge.
The latest numbers from the U.S. Department of Agriculture for May show ground beef at $3.31 per pound on average, up 32 cents per pound from May 2012. And though the price of choice boneless sirloin steak is at $6.79 a pound for May — about 8 cents cheaper than in April — that’s still 37 cents more per pound than the same time last year.
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