Consumers are seeing high beef prices partially because of pressure from the U.S. and their high dollar. The beef exports going into states are causing a supply shortage as well, also resulting in high beef prices in Canada.

Fred Taylor, who’s in charge of grading services at Cargill Foods and the new Harmonie Beef Plant in Balzac says, what's worth noting is the fact consumers are still buying beef at high prices.

"The consumer has accepted the fact that meat is worth more or they're willing to spend that much. A ribeye at a store is $30/kg or more - and some higher end AAA products that go into specialized programs are as high as $37/kg; yet the consumer is still buying beef.”

He also says and understands that it can be hard late in the day to go to a bulk store and find products to buy on the counter, because it's sold out.

Taylor adds, we don't have the number of cattle on feed, that Canada statistics thought we had.

This time of year, plants like Cargill start to run out of yearlings and start using last fall's calves and the older the calves, the less abundant the prime cuts become.

"The younger the animal is, they might not marble quite as high as what yearlings do. Age is a factor in marbling. So our triple A levels and prime levels can drop at this time of year until these calves get a little more age on them in the feedlot. That can be another issue that lowers high quality meat for restaurants and retailers."

With that said, Cargill is working to meet the demand with this low inventory in cattle.