Beef Prices at Record Highs As Cattle Shortage Continues
With barbecue season around the corner, a near 30-year low in the nation's cattle herd has resulted in the highest prices ever for steak, hamburger and other cuts of beef. The Government expects the herd to be larger by the end of the summer, but there is a puzzling discrepancy between the growing number of cattle in feedlots and the number actually slaughtered.