Pricey burgers are coming to a store near you.
A spike in corn prices is keeping cattle out of feedlots, where they fatten up on the grain for months before going to slaughter. That means fewer animals coming to the market in the months to come – conditions that can result in expensive beef at grocery stores.
“Higher prices for the next two to four years are pretty much set in stone,” Rich Nelson, chief strategist at Allendale Inc., said of both beef and cattle.
Beef prices have already seen a round of inflation, even touching a record high in grocery stores last year after some slaughterhouses closed because of
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