High prices keep hope alive for beef producers
Just when cattle producers' long-awaited rally appeared to falter, some hot temperatures in Kansas have put life into cattle and meat prices.
News that more than 2,000 cattle had died of heat stress in Kansas a week ago, and that much of the Great Plains had heat advisories, pushed up cattle prices from $86/cwt. a month ago. They ended at about $92.60 last week on the Chicago Board of Trade.
Cattle prices had reached $100/cwt. in early spring before dropping at the end of the usual surge of demand for the Memorial Day and July 4 holidays.
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