Report: Food prices to rise faster in 2014, led by beef

Food prices across the board are on track to rise faster this year, and conditions such as California’s drought could send inflation even higher, the Agriculture Department said Tuesday. For restaurant owners like Jamie McDonald, who used $70,000 in competitive eating prize money to open Bear’s Smokehouse BBQ last year, fast-rising beef prices even before the start of grilling season mean tighter margins and higher menu prices. Full Story>>