Beef Prices Soar After Blizzard Clobbers Midwest

Beef Prices Soar After Blizzard Clobbers Midwest

Jeff Wilson

Bloomberg

More than half of U.S. feedlots are located in the region hit by the massive storm that dumped more than 12 inches (30 centimeters) of snow, blanketing an area from the Texas Panhandle to Nebraska, said Lee Reeve, principal at Reeve Cattle Co. in Garden City, Kansas, and president-elect of the Kansas Livestock Association. Losses were the highest among younger animals and a feedlot with 80,000 head of cattle north of Garden City lost more than 1,000 animals, he said in a telephone interview.

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