Beef prices hit record levels in Canada

These days in Canada, all it takes is a visit to the meat section of a supermarket to realize that becoming a vegetarian is a new possibility. The price of ground beef, steaks and roasts has continued to rise this year, reaching record highs at supermarkets. Retail beef prices fluctuate regularly, but have generally increased in recent years. The price increase comes just before the busiest period for many supermarkets and butchers, ahead of the Christmas season. "I've been working here for quite a while and these are probably the highest prices I've ever seen", said Jim Jackson, owner of Cut Rite Meats in Calgary. Beef prices have risen at a faster rate than pork and chicken, he said, and some customers have cut back on their orders slightly. "Our profits at the end of the day are down. I don't want to take money from customers. We're just trying to do the best we can", Jackson said of his shrinking profit margins from beef sales. Retail prices also reflect the rise in cattle ...