Cattle await sale at a Sulphur Springs sale barn lot. Cattle prices as well as wholesale and retail beef prices are setting record highs, according to Texas A&M AgriLife Extension Service economists. The
high prices could pose an opportunity for some producers where there’s been relief from the drought.

‘Out-of sight’ beef prices pose opportunity

Record high cattle and beef prices are actually making rebuilding herds a good bet, at least for some beef cattle producers, according to a Texas A&M AgriLife Extension Service expert. “’Out of sight’ is a good term for the prices,” said Dr. David Anderson, AgriLife Extension specialist in livestock and food products marketing. “And it doesn’t really matter whether we’re talking about retail prices to
consumers, the wholesale beef market or at sale barns for calves and feeder steers.” Both choice and select wholesale prices continue to set new record highs, with choice taking more than $248 per hundredweight, according to Anderson.
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