Beef Prices

Cattle producers are caught in a squeeze right now with fewer calves that they have to pay more for, along with very high corn prices. USDA Livestock analyst, Shayle Shagham says many producers have gone through a series of losses, as have meat packers...

While analysts predict we'll feel the major effects of drought on food prices next year, they say there may be a surprise effect in 2012. U.S.D.A. Food Price Analyst, Ricky Volpe, says because pastures have been wiped out and feed prices are going up, cattle producers are sending cows to market early, which means, "we are revising our 2012 forecast for beef and veal downward...