Cattle prices continue to climb to record highs, fueled by tight supplies and resilient consumer demand. Livestock Marketing Information Center Director Dr. Tyler Cozzens said this price surge, while partially expected due to the cattle cycle, has surpassed industry expectations. “Some of this is not totally unexpected, but I think just the strength, that’s what’s unprecedented here to see these prices push quickly higher,” said Cozzens. “Especially in some of the Nebraska, Iowa, and Minnesota prices, they’re over $230. And even looking in Kansas, Texas, Oklahoma, still above $220, some strong prices here.” Despite higher prices, demand remains strong, even as retail beef reaches the $8-per-pound mark. “The demand side of things is definitely holding very strong.”
