Beef prices reach highest level since 1987

FILE - In this July 25, 2012 file photo butcher Freddie Quina cuts meat at Super Cao Nguyen in Oklahoma City. The highest beef prices in decades _ fresh beef climbing to $5.28 a pound in February 2014, up from $5.04 in January _ have some consumers spending extra time in meat market aisles as they search for cuts that won’t break their budgets. (AP Photo/Sue Ogrocki)LUBBOCK, Texas (AP) — The highest beef prices in almost three decades have arrived just before the start of grilling season, causing sticker shock for both consumers and restaurant owners — and relief isn’t likely anytime soon.

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