there goes the price of beef , like it wasn't high enough
Did you read the whole article? , They said the same day of the article, beef futures dropped.
the market hadn't yet had time to react when the article was written
10K does sound like a lot but when Week to date slaughter is 368K it isn't as big a number as it sounds.
https://www.barchart.com/story/news/8759466/cattle-futures-following-strong-cashAt the Wednesday close live cattle futures were $0.82 to $2.72 stronger. Prices did fade their midday highs, which for June left about 45 cents on the table. The other contracts left more on the table, but had filled their gaps to start the week – though they left new gaps at the open. The FCE auction had no sales for the 790 head listed today. Asks jumped up to the $138-$140 range, bids were also higher @ $135-$138. USDA mentioned limited Wednesday sales in the North, from $144 - $148, with the bulk near $145 and $230 dressed. Southern deals were light on Wednesday with Tuesday’s market near $136 - $138 as the bulk so far.
Multiple reports of dead cattle from heat loss are flooding wire and social media sources. It is difficult to compute a total at this point. Temperatures in the South went from highs in the 80s last week to +100s through Wednesday.