Americans appear to be regaining a taste for beef after cutting back during the economic downturn.
Americans face higher beef prices for their traditional end-of-summer Labor Day barbecues following a late-night stampede by meat packers this week that helped send cattle futures to their highest levels in nearly two years.
Negotiations between slaughterhouses and feedyard operators with cattle to sell took on a frantic tone this week, with talks stretching late into the night recently – a rare occurrence for cattlemen used to wrapping up their affairs by sundown.
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The grill has been sizzling this summer and so has beef demand. For another great read on this topic, check out this BEEF article written by Diana Barto, Still Smokin' Barbecue Is A Trend Among Beef Diners.