Harsh winter spurs U.S. cattle prices
US - U.S. cattle prices sped to a three-year high in the Chicago markets today amid signs beef supplies will be tight for the spring and summer when demand peaks for steaks and hamburgers."I think the retailers are starting to get a little more nervous because of the supply side. We are getting closer to when they need to buy for Easter, and Mother's Day, and spring time," said Jim Robb, an economist with the Livestock Marketing Information Center.
Also, demand for beef has remained strong despite high fuel prices, said Robb.
Source: The Star.com