On the leading edge of backyard grilling, the price of beef has risen to it's highest price since 1987, averaging $5.28 a pound. Smaller herds, growing demand from China and Japan, and drought conditions are the leading cause of your more expensive meals. Prices are likely to stay high for years, if not rise as cattle producers rebuild their herds as they hope for enough rain to replenish pastures.

Time to cut back and go for other protein? Time for side of beef in the freezer? What will you do, while everything seems to be going up (value of dollar goes down)?