A hamburger is turning into a luxury item these days because of high beef prices, and the costs don't seem to be going down.
In fact, the Livestock Marketing Information Center predicts record beef prices for this year. High feed and fuel costs have contributed to rising prices, but one rancher says mother nature also has something to do with the pain you're feeling at the grocery store.
"In our part of the world (Oklahoma), we've been in extreme drought for the past two years. A lot of the cow numbers have been shortened and producers had to sell their herds or cut their herds down in numbers because of the drought," said Oklahoma Cattle Rancher Jirl Buck.
Buck says ranchers are coming out of a bad year into a really good one, and their main concern is rebuilding the herds.
