The U.S. cattle herd size is at a 50-year low, primarily because droughts in the Midwest have increased the cost of feed for ranchers.

Stu Leonard Jr. predicts that meat prices will decline in the future because the U.S. cattle herd is beginning to be rebuilt.

Consumers are shifting away from high-priced beef to alternatives like pork chops, which are one-third of the price.

Beef prices are expected to decline to the low teens over the next one to two years as ranchers begin to repopulate their herds.

A recent cold snap in Florida, described by a local farmer as the worst in 15-20 years, will cause a temporary increase in vegetable prices.

Stu Leonard's is holding its Easter prices at the same level as the previous year and absorbing the increased costs, resulting in thinner margins.

Chocolate prices are rising due to a major drought affecting supply.

According to a rancher in Kansas, U.S. cattle herd sizes are the lowest they have been in 50 years.