War of attrition continues in the beef business
Derrell S. Peel
FarmTalk
Parsons, Kansas — Cattle prices are at record high levels and will push even higher in 2012 and beyond. Retail beef prices are increasing and will push higher but it is uncertain how much and how fast. These conditions ensure that margins for various sectors in between will continue to be squeezed and some sectors of the beef industry will face difficulties in the coming months.