04-02-2014 02:37 AM | USA

Beef prices spike to near-record levels

Beef prices are at an all-time high and it's the consumers and small businesses that are feeling the hit.

"I've never seen anything like this before," says meat manager Dan Breathwaite at Widmer's Supermarket in St. Paul. "We're trying to keep our prices competitive, but it's getting very difficult."

Big box grocers are seeing the beef spike, too, but they can buy in bulk and lock in prices, smaller grocers like Widmer's cannot. In the past few weeks alone, Breathwaite has seen an increase in 20 percent or more per pound in ground beef and chuck roast.
Full Story : KARE