meat prices

Beef prices
8:01 pm
Sun November 17, 2013

Higher beef prices good for producers, may be tough on consumers

These cattle on Jeff Longnecker's farm in Story County, Iowa, are part of a herd he's hoping to grow.
Credit Amy Mayer/Harvest Public Media

Once again, the prognosticators are saying beef prices are on the rise. We’ve seen this before—last year, the drought and high feed prices were being blamed. This time, the supply is tight and with livestock farmers looking at lower costs of production, some may keep animals on the farm to help increase their herds, rather than sending them to market. Since consumer demand typically goes up at this time of year, Lee Schulz, a livestock economist at Iowa State University, said the combination will increase the price meatpackers pay to producers.

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