Cuts of beef are displayed at Marina Meats on January 31, 2012 in San Francisco, California. Severe drought is a contributing factor in the declining cattle count, which has sent wholesale beef prices up 6.4 percent in the past 12 months. The price for a pound of beef (0.454 kg) peaked in price at $1.98 a pound on November 23, the highest price since 2004. (Photo by Justin Sullivan/Getty Images)

Meat is seen for sale at Laurenzo's Italian Center on January 9, 2012 in North Miami Beach, Florida. The store tries to keeps costs down but across the country grocery bills are going up due to factors including higher commodity and energy prices, along with regions of the world having experienced natural disasters that have hurt the food supply. (Photo by Joe Raedle/Getty Images)