date:Jan 22, 2014
owners garnering between $1.42 and $1.44 1/2 a pound live for their slaughter-ready animals.
Cash prices are now significantly higher than the front-month futures contract, which has further fueled buying in the cattle futures market.
Some market watchers are uncertain how long cattle and beef prices can remain at these record-high levels, if retailers find themselves unable to pass on the increase in meat costs. We're all keeping a very skeptical view of things right now, because it won't re