Beef prices have risen to near-record highs, according to food security expert Dr. Sylvain Charlebois from Dalhousie University.
"Since the beginning of the year, beef prices have gone up anywhere between 10 to 15 per cent so far across the country, and we're probably expecting another 10 per cent by the end of this year, unfortunately, for many cuts other than ground beef," he said.
"These are probably the best prices I've seen for cattle in my time in ranching, so it’s exciting for that but those increased profits are going to be eaten up by the record-high meat prices that we've seen," he said.Along with shops and shoppers, Alberta ranchers are facing a harsh reality as drought conditions continue across the province.Rachel Herbert, owner of Trail’s End Beef in Nanton, Alta.
Herbert says the lack of rainfall has also made it impossible for her to grow enough hay to feed her animals.It's gotten so expensive that her ranch is even asking customers and supporters if they can help out by covering the cost of a hay bale, which ranges from $225 to $250.Cattle herd numbers across Canada are at their lowest in more than 30 years, according to the Canadian Cattle Association.
"With reduced forage production capacities, we are having to declare some significant drought challenges," he said.
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