Forget the pain at the pump. The real pain this Memorial Day is at the grill. Why? Because the goods on the barby are a whole lot more expensive this year. For example; beef is up 5%. Boneless chicken for all you non-beef eaters - that's up 55%. Even eating veggies is more expensive this year - corn is posting a double. What's behind this increase?
Eric Bolling went to NYC’s meat packing district to find out. He learned that there’s a shortage of high quality beef because the animals are not being fed as much corn. (Corn is also needed for ethanol.) Also the price of transporting cattle has gone up.