Local restaurant reacts to beef prices - KAIT Jonesboro, AR - Region 8 News, weather, sports

Local restaurant reacts to beef prices

JONESBORO, AR (KAIT)-You might notice local grocery stores are beefing up their meat prices. According to the USDA, beef prices are at a record high. 

But when the price of meat goes up, so does your tab.

"We saw it go up 25-30% there at one time and we've seen a little correction these last couple of weeks," said manager Tom Fielder at Fat City Steak and Grill. "We can't change our menu prices weekly and we are buying those prices weekly and we just have to accept that market price."   

For David Head at Nine Oaks Beef in Brookland, this beef uptick has really impacted business.

"We're already seeing an increase in demand of course a part of it is local, a, lot of people want to buy local," Head said. "They say well yours, we can buy yours at the same price or less as the super market and they're just saying we're cost competitive now."

According to the U.S. Department of Agriculture, the cost of fresh beef climbed to $5.28 a pound in February, the highest price in 1987.

"The people who raise the beef need these prices, the price of land is so high, it's hard to stay in the cattle business today in lots of parts of the country," Head said. 

And if the price continues to rise, Fielder said they will have  to make a tough decision.  

"Continues we will be faced with trying to make some decisions that will help us to get a little bit more profitable," he said. 

According to the USDA, beef prices are up 5.4 percent since this time last year.

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