by George Jared (gjared@talkbusiness.net)
Beef cattle prices were relatively high during the first part of the year, but now those prices have started to fall as supplies have increased.
Prices for the January 2024 CME feeder cattle contract, for example, fell from a high of $268 per hundredweight in mid-September to $219 per hundredweight by the end of November, according to the Chicago Mercantile Exchange.
James Mitchell, extension economist and assistant professor in the Department of Agricultural Economics and Agribusiness at the University of Arkansas System Division of Agriculture, said the downturn in the markets is essentially due to two factors.
