Higher prices anticipated in 2012 with analysts expecting the cattle cycle to post its high in 2013.
Record-high feed prices will stick around most of this year, which will continue to put the squeeze on an already suffering livestock industry.
Record high beef and fed cattle prices are still the norm.
For beef cattle prices to continue their record run, the 2014 U.S. corn crop will have to produce record yields, according to a Texas A&M AgriLife Extension Service economist.
Cattle and beef prices continue to rise.
When will the plunge in the cattle market be over?
Cash fed cattle prices rallied $5 to $6 per cwt. higher on a live basis this week, and $7 to $10 higher on a dressed basis.
All areas of the beef industry continue to see higher price gains.