Live-cattle futures have jumped 10.2% so far this year, a gain that is leading to higher wholesale beef prices and is widely expected to result in record U.S. consumer prices for steaks, ground beef and other products this year. Cattle
Cattle futures for April delivery climbed 0.9 percent to close at $1.264 a pound at 1 p.m. on the Chicago Mercantile Exchange. After the settlement, the price reached $1.2645 in electronic trading, the highest for a most-active contract since the
The worst Texas drought in 44 years is damaging the state’s wheat crop and forcing ranchers to reduce cattle herds, as rising demand for U.S. food sends grain and meat prices higher. Texas, the biggest U.S. cattle producer and second-largest
The surge in grain prices that has been stoking food inflation for months in much of the world is beginning to seep into U.S. supermarkets and restaurants. U.S. food prices will jump between 3% and 4% this year, the U.S.
The U.S. cattle herd shrank to the smallest size in 53 years as of Jan. 1, as feed costs climbed and beef producers slaughtered more animals to take advantage of higher prices. The herd, including beef and dairy animals, totaled
This year’s agriculture boom is a bust for U.S. dairy farmers as surging costs for cattle feed compound a glut of milk products. While the 27 percent jump in wheat prices and 48 percent gain in cotton may send farm