David reported in mid December that weaned calves in the 5 -600# had set new records, namely $1.50 – $1.60/lb. (Although the prices fluctuate, normally they center around $1/lb). Even wilder, an 830# steer brought $1.30/lb. Normally prices go down, as weights go up.
Then, this week, 5-600# calves are $2.00/lb, and the above steer would fetch $1.50/lb! All this brought on by a shortage of calves, and the substantial expenses that feeders incur when feeding calves out on near record-priced corn (they can pay more for the weight already on the animal).
Good thing you know someone in the bidness! Buy the Beef!