Price of beef could cost you more within the next few weeksFargo, ND (WDAY TV) - Buying beef could cost you more in the next few weeks.
By: Becky Parker, WDAY
Fargo, ND (WDAY TV) - Buying beef could cost you more in the next few weeks.
Some say it stems from massive cattle losses in South Dakota two weeks ago, but the real reason could be more routine.
One thing is clear, the price of beef is expected to rise in the coming weeks. But it's not clear whether the tens of thousands of cattle killed in South Dakota are behind that rise. Local experts say it's not likely.
Jason Aamodt/Meats by John & Wayne: "The beef market is always fluctuating up and down."
Estimates say anywhere from 20,000-100,000 cattle died earlier this month after an unexpected fall blizzard devastated farms.
But the meat experts at Meats by John & Wayne in Fargo say that is still just a tiny fraction of the national market - too small to make a noticeable difference.
About 700,000 cattle are slaughtered each week.
Jason Aamodt says the real cause of the rising prices has more to do with the change of season and people packing up their grills.
Aamodt: "It's supply and demand. We're coming into winter time now, so there’s a lot of a steak out there already so they're going to start pulling back and they're not going to slaughter as many animals."
As for how much prices will rise, Aamodt says maybe five or ten cents here and there.
We also talked to the Central Livestock Association and they said the same thing - the losses are too small in the grand scheme of things.