Don’t Waste Your Money: Secrets to avoid the soaring price of be - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Don’t Waste Your Money: Secrets to avoid the soaring price of beef

TOLEDO, OH (Toledo News Now) -

More bad news for food lovers; the price of beef is now at an all-time high. At the same time, viruses are sending pork and shrimp prices to 10 year highs.

So we went to a butcher shop to find some ways to save on beef, but still have a good steak to grill.

Josh Lillas works at his family's generations-old butcher shop.

Lately, he spends a lot of time explaining to customers like Bill Thon why prices are so high.

"I have noticed prices have has gone up about 30% or so," Thon said.

Drought, Small Herds Impacting Prices

Lillas explains that a combination of drought, soaring grain prices, and smaller cattle herds has sent the price of restaurant grade filet mignon above $30 a pound for the first time in history.

"We're selling our filet right now for $32.99 a pound, he said. Strip Steak and Ribeyes aren't far behind, at about $15 a pound.

But he says you can still get a great steak for $8 or $9 a pound.

Great Bargain Cuts

Lillas says Flat Iron and Hanger steaks a bargain at $9.95 a pound if you marinate them. In Britain these are sometimes called Skirt Steaks.

And he calls Teres Major (Shoulder Tender) a secret bargain: It's often called a "petite filet" in restaurants, because it looks and tastes like a smaller filet mignon, at less than half the price.

"The beef industry says it's the second most tender piece of beef, next to your filet," Lillas said.

Teres Major's a bargain at $8.99 a pound in his shop, though it's hard to find in supermarkets..

Then there's Flank Steak, $9.95 a pound. Lillas admits it's tough on its own, but great if you cook thin slices with other things.

"For instance," he said, "we do a thing here called a Pinwheel Flank Steak where we tenderize it, roll it with mushrooms and cheese, asparagus."

The Bottom Line

A little ingenuity, and a good butcher, and you can still buy steak for less than 10 bucks a pound.

Or stick with chicken, where prices are not up sharply this year.

Shoppers were hit with chicken sticker shock a year ago, and most are used to high priced chicken breasts by now.

As always don't waste your money.

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