Get ready to pay more for your steak
The drought that's spreading across the Midwest is already squeezing consumers, and it's only going to get worse, as the rising cost of soybeans and corn leads to higher prices for meat, peanut butter and other staples.
More here: Food prices: Get ready to pay more for your steak - Jul. 30, 2012
The price of sirloin steak rose more than 15% between June 2011 and June 2012, while ground beef rose more than 8% and chicken prices increased more than 6%, according to the BLS.