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Ground beef will average at least a dime per pound more this year. Steaks, about 20¢ per pound more. Supplies remain limited because livestock operators, faced with high feed costs, continue to shrink their herds.

Prices of red meat would be even higher if not for the slew of cattle from Canada and Mexico, plus extra beef imports from Australia and New Zealand, that will help satisfy consumer demand.
(Credit: iStockphoto)
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