Record High Beef Prices Dampen Memorial Day Weekend for Millions

More good news about our economy from the Wall Street Journal...this time it hits a little closer to home for a lot of people who enjoy their barbecue...

By KELSEY GEE, IAN BERRY and CURT THACKER

As Americans prepare for Memorial Day—the official kickoff to a summer grilling season of burgers and T-bones—rising beef prices have some consumers balking in the grocery aisles.

Retail beef prices are widely expected to set new records in coming weeks after wholesale prices, or the amount meatpackers charge sellers for beef, hit an all-time peak this past week.  

John Boyanoski, 35 years old, said he plans to offer only chicken breasts at his annual Memorial Day cookout in Greenville, S.C. "We were going to have hamburgers again, but prices were high for good meat," said Mr. Boyanoski, who usually grills burgers and hot dogs for the 20 or so friends who attend his party. "It was a bit of sticker shock."

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