Boxed beef set a record high price last week of more than $275 for choice cutout value, Successful Farming reported. The previous record of $265 occurred in May 2015. Price records go back to 1987. This price was up from $230.53 the previous week and $234.11 a year ago. 

At the same time, live cattle prices remained in the $80 range per hundredweight on April 24. Because of plant closures, the total number of cattle slaughtered nationwide was down almost 30% compared...