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U.S. beef prices are up 74% since 2009 to the highest on record, after a seven-year decline in the herd left the fewest cattle in at least six decades.
Beef prices are at all time highs, but the dairy industry could hold the key to stabilizing the cattle market.
All areas of the beef industry continue to see higher price gains.
This past week was one for the record books in the futures market.
While higher cattle prices may make ag producers more aware of thieves, authorities don’t believe it will result in more theft.
The cash-led bull market continues, with both fed cattle and feeder cattle posting sharp gains. Live cattle and feeder cattle futures also recorded advances, but still trail cash bids.