For cattlemen, it’s been good to see a little black ink flow back into the industry here of late.
In fact, just this week during the Northern Livestock Video Auction Internet Sale, some 500 pound stters were sold for $129.50 for October delivery and some 590 pound steers sold for $117 for October-November Delivery.
But what about beef prices at the grocery store?
Trevor Amen is the manager of marketing for the National Cattlemen’s Beef Association and explains why beef prices are increasing and what’s impacting “record” prices as opposed to natural rise due to inflation.
He explains how beef price increases compare to other proteins.
So what does this mean for producers?
So while many Americans are still hurting economically, Amen tells us what the beef industry is doing to help consumers and channel partners deal with price increases.
A complete look at national, regional and local livestock markets are available at www.NorthernAg.NET under the livestock markets tab.
Source: MyBeef Checkoff.com
Posted by Russell Nemetz