Beef prices hit record levels in Canada

These days in Canada, one visit to the meat section at the supermarket is enough to realize that going vegetarian is a new possibility. The price of ground beef, steaks and roasts has continued to rise this year, reaching historic highs at supermarkets. Retail beef prices fluctuate regularly, but have generally been on the rise in recent years. The price increase comes on the eve of the busiest period for many supermarkets and butcher shops, leading up to 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 been rising at a faster rate compared to pork and chicken, he explained, and some customers have cut back on orders a bit. Our profits at the end of the day are lower. I don't want to take money from customers. We're just trying to do the best we can, Jackson said of his profit margins being squeezed by beef sales. Retail prices also reflect ...