date:Jul 28, 2014
t annual gain, the longest rally since at least 1965, as ranchers struggled to recover from years of drought.
Wholesale beef is at a record high, and retail costs for boneless sirloin steak climbed to an all-time highs in June, USDA data show.
In June, Sonic Corp., the Oklahoma City based hamburger chain, cited meat as one of its significant cost pressures.
Were in for tighter supplies into next year, John Nalivka, the president of Sterling Marketing Inc. in Vale, Oregon, said in a telephone