Beef Prices Continue To Rise In 2012
Wyoming’s cattle inventory is up 5 percent over last year but the rest of the country is down by 2 percent. All this spells out prices that are some 13 percent higher than they were this time last year.
Livestock economists say that’s not gonna change and importing beef may not be an option either.
“A number of countries in the world are in the process of rebuilding their herds. There is strong demand for beef in a number of countries, which is going to keep demand tight world wide.”
Livestock Economist, Shayle Shagham, with the USDA says that will effect availability across the globe.
Shagham says this year will have tighter supplies of steers and heifers that generally go into steaks and roasts and tighter supplies of cows that go into hamburger.