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Beef prices hit record high in US, local butchers feel the pinch




Robert Laurenzo prepares cuts of beef at Laurenzo's Italian Center on January 13, 2014 in North Miami Beach, Florida.
Robert Laurenzo prepares cuts of beef at Laurenzo's Italian Center on January 13, 2014 in North Miami Beach, Florida.
Joe Raedle/Getty Images

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Beef prices hit an all-time high in February and they don't look to be budging anytime soon. 

Experts say that extreme weather (causing problems like the drought in California) has brought the country's cattle herds to their lowest level since 1951, a time when there were about half as many people to feed. 

The USDA says restoring those herds to normal levels could take more than two years, which means butchers will be paying more for beef for some time — passing the costs on to you.

For more, we turn to Jim Cascone, co-owner and butcher at Huntington Meats in Los Angeles.