I expect the price of beef to remain high for the next three years. Major herd losses in So. Dakota last fall due to early winter storm and the severe drought in Texas and Oklahoma has caused the decline in available cattle for market. It is now a supply and demand issue which, as we all know raises the price. Then, there is the Other White Meat, pork.
beef prices haven’t come down from the last upturn....several years ago....I keep waiting for petite steak to be @$1.99 again....