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Are you looking for some steaks to throw on the grill this weekend or on the Fourth of July?You may want to bring extra money; the pandemic is sending meat prices up sharply this month.High prices are starting to impact consumers, restaurants, and anyone who cooks meat for their business.Tyrique Ramsey and his family have served his community from a food truck for years, but he was forced to raise prices last week as pork costs skyrocketed."We used to be able to get it for .99 a pound, but now we are almost paying .99 a pound," Ramsey said.While chicken and ground beef prices are higher, the worst is steak, where prices have gone up almost 50% this year on some cuts. for a package of steakAt Walmart, basic strip steaks were a pound, which came to for a package of two small, shrink-wrapped steaks.One of the cheapest cuts of meat, chuck roast, was a pound, almost double from a year ago.Ground beef was in the (fatty) to (lean) a pound range as well, a far cry from the normal summertime price of a pound in many supermarkets.Shopper Jackie Thompson says she can't afford it anymore."I think it's ridiculous, it is totally ridiculous," she said. " for a steak!"At a nearby supermarket, bone-in ribeyes were at a pound, bringing the total to for one steak. Top-dollar cuts like filet mignon were nowhere to be found.The Hutchinson family wondered if short supplies to blame."It's still pretty thin in the meat aisle, for sure," they said.Government blames plant shutdowns and slowdownsThe Bureau of Labor Statistics says processing plant shutdowns continue to cause shortages.Even after those plants reopen, many will be on limited schedules with fewer workers.The Labor report says beef prices rose 11% in May. The average retail price of beef roast rose a whopping 19% during the month.In addition, prices for chicken, tomatoes and even ice cream went up the government said.Restaurants forced to raise pricesRamsey has had to explain why his price board has gone up in recent days, just as many restaurants are raising their menu prices."I just had to go up a few more dollars," he said. "But a lot of the customers, they kind of understand, we explain it to them."Grocery stores insist they are not profiting from rising prices. Still, attorneys general offices in several states are investigating the source of these price hikes, which appear to be linked to processing and slaughterhouse shutdowns due to COVID-19.Until the pandemic subsides, prices could remain on the high side. As always, don't waste your money.__________________________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Twitter (@JohnMatarese)For more consumer news and money-saving advice, go to www.dontwasteyourmoney.com 2842
As Las Vegas continues to grow and heal in the wake of last year's mass shooting, a new video shows the actions of shooter Stephen Paddock leading up to the horrific mass shooting.The New York Times has released surveillance footage that shows Paddock's actions inside of the Mandalay Bay hotel-casino before the mass shooting that claimed 58 lives. He is seen gambling on the casino floor, buying items from the hotel gift shop, and tipping bellhops for wheeling large bags of luggage up to his suite. PHOTOS: Stephen Paddock's actions before mass shooting in Las VegasWe now know those bags were filled with guns and ammunition and that Paddock would commit the largest mass shooting in the history of our country.You can watch the full surveillance video below: 793
An I-95 driver escaped serious harm Tuesday after a hunk of metal crashed through his windshield about a mile south of Woolbright Road. "He is lucky to be alive," DBFR Battalion Chief Todd Lynch said. The man had minor injuries from the shattered glass. FHP is investigating. pic.twitter.com/kijx27RfrA— Delray Beach Fire Rescue (@DelrayBeachFire) October 13, 2020 372
As investigators seek to determine the cause of the Miami bridge collapse on Thursday that killed six people, attention has turned to the companies involved in the .2 million construction project.Records show that a construction company -- Munilla Construction Management, or MCM -- has done extensive work for the government and that some of its projects have come under scrutiny from safety officials. 414
April-through-June quarter, and the numbers were ugly. The number of passengers tumbled 93% from a year earlier, revenue plummeted 88%, and the company’s adjusted loss was worse than expected. 1495