A look at why steak prices may be set to soar, with Lindsay Davis, Alamo commodities president.
I recently spoke with a Texas Rancher who told me he was already feeding his cattle his Winter Hay. I don't know about you but when it's the beginning of August and you're already through your winter feed supply, that's a story to me. I decided to call my contacts on Wall Street and see what this could mean for consumers and investors.
Beef prices hit a ten-year high this week. Cattle prices are climbing, so it may pay to look at Tyson and Smithfield, which were both upgraded by BB&T today, with Heather Jones, BB&T Capital Markets.