While cattle prices continue to rise, high production costs, inflation undercut profits

While cattle prices continue to rise, high production costs, inflation undercut profits

LITTLE ROCK — It’s true: Cattle market prices are at what some analysts have called “historic highs.” Unfortunately, profits are not.  For the entirety of 2023, slaughtered steer prices across all U.S. markets have remained above those of the previous year by 20-30 cwt, ranging from $155 to $170, and practically soared above the 2017-2021…