A Purdue Agricultural Economics Professor says we may see the cost of beef come down slightly by the end of summer.
Dr. Christopher Hurt says April beef prices rose to about $5.87 per pound.
That’s up 11.1% from April 2013.
Hurt says the average beef price for 2104 is up to $5.70 per pound this year compared to $5.30 per pound last year.
By fall, Hurt says beef prices may be back to $5.70 by the fall.
He says higher feed prices and drought in the Central and Southern Plains are reasons for higher beef prices.