LUBBOCK, Texas — Going to the grocery store in the past months, meat prices had been high, and Raider Red Meats believed those prices would not drop for at least six months. Tate Corliss, senior director of Raider Red Meats, explained why these prices were so high.
“So, demand for beef has stayed really, really strong,” Corliss said. “The supplies continue to shrink in combination with recent droughts and different things that we’ve had going on in the industry.”
Corliss gave an example of what prices used to look like.
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“Ground beef, for example, has gone up somewhere around a dollar a pound, or we’re talking just normal 80/20 ground beef. If we were $3.99, let’s say six, eight months ago, we’re $4.99 a pound on some of that stuff,” Corliss said…