A lot at steak: US beef and cattle prices soar to record highs

From supermarkets to restaurants, rising meat costs amid tight supply and strong demand are hitting Americans hardIf beef is what’s for dinner, expect to pay more for it.The classic combination of tight supply and strong demand has pushed US cattle and beef prices to record highs, and there is little end in sight with farmers reluctant to expand their herds and selling off high-priced heifers to dig them out of debt. Continue reading...