DAVID GREENE, HOST: This Memorial Day, NPR's business news begins with pricey burgers.</s>DAVID GREENE, HOST: Yeah. As the summer grilling season kicks off, this is not what we necessarily want to hear. Retail beef prices could soon be charbroiling our wallets. Wholesale prices for choice-grade beef hit an all-time high last week - up to $2.11 a pound - before dropping back a bit. But we're likely to feel the effect of this in stores soon. The high prices are blamed on the continued drought in many cattle-producing states. Nationally, the number of beef and diary cattle is at its lowest level in 60 years.
Wholesale prices for choice-grade beef hit an all-time high last week — up to $2.11 a pound before dropping back a bit. The high prices are blamed on the continued drought in many cattle-producing states.