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Monday, August 11, 2014

After Surge, Beef Prices Start To Fall

Two versions of Del Monico Rib Eye beef steaks are seen for sale at the Eastern Market February 25, 2014, in Washington, DC. (Paul J. Richards/AFP/Getty Images)

Two versions of Del Monico Rib Eye beef steaks are seen for sale at the Eastern Market February 25, 2014, in Washington, D.C. After a surge, beef prices have started to fall. (Paul J. Richards/AFP/Getty Images)

A long drought has wiped out a big part of the nation’s cattle supply, and that means prices for beef have surged to record highs this year.

But each summer, demand for red mean tends to fall, and now there are signs that beef prices are starting to slip. Will it translate to savings in the grocery store?

Here & Now’s Peter O’Dowd joins host Jeremy Hobson to discuss what this may mean for the meat market.

Guest

  • Peter O’Dowd, assistant managing editor at Here & Now. He tweets @odowdpeter.

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