If you're celebrating Memorial Day weekend with plans to do some grilling with family and friends, it's likely to cost more this year.

 Retail beef prices are widely expected to set new records in coming weeks after wholesale prices, or the amount meatpackers charge sellers for beef, hit an all-time peak this past week.

Beef costs are up because of the high demand for beef in the United States and the growing demand from Japan, Korea and Russia coupled with low beef production due to draught of 2012 and the shortage of feed corn.

Chicken and pork prices also rose for the same reasons