Steak Prices Rise

According to this week’s issue of Crain’s New York Business, steak in the city is going to get more expensive.  Restaurants like Porter House New York and the Old Homestead have steaks over $50.  Smith & Wollensky and Primehouse have just one steak priced at $52.  The Palm is holding steady with the $49.90 steak.  The most expensive steak in NYC is the $60 24-oz. porterhouse at Morton’s.  The article says the high prices are due to a decline in beef supply, due in part to increasing demand for U.S. beef abroad.

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