Speaking from someone in the cattle business...
Desoto & Patdog are the closest to being spot on.
Patdog: Amen. 40% of corn going to produce ethanol is directly relative to an increase in price (which in my opinion is a waste of time).
Desoto: Spot on with the wildfires in TX 2-3 years ago and droughts in the midwest creating a spike in price considering those in the midwest had to send the majority of their stock that wasn't a casualty of the wildfires to the slaughterhouse.
With that being said...supply of corn is directly related to the price of beef. I follow market reports religiously to venture a guess as to when to market my cattle so I can have the highest profit margin possible. Thus, with the new report there is a huge surplus of corn expected this year for the corn crop. Why? Because with the shortage of corn because of the drought in the Midwest last year many uneducated folks come to remember, "Oh...corn prices were over $8 a bushel last year at harvest...I think I'll plant me some this year." As such, futures for the corn market are sitting around $5.20-$5.50 a bushel. So, with the corn market report the Chicago Mercantile Exchange has issued $1.50 per lb futures for winter harvest of feeder cattle. Moreover, another market report published previously stated that the number of head in the U.S. is the lowest it's been since 1949. Thus, with every shortage the price of anything will generally always increase considerably. With numerous cattle operations retaining heifers, including myself, the number of head per farm should increase and we should see cattle prices drop if grain and gas prices stay consistent.
I echo what the gentleman said about Certified Angus Beef. If you want the best. Buy the best. It's well worth the extra couple bucks a lb if you want a good steak.
Hell, we're a "cow college" folks. Call and ask your Beef Cattle specialist, Jane Parish, and talk with her about it.
There has been immense & relentless research done with the Angus breed for growth, maternal and carcass traits. Also, with the emergence of genomic testing now in swing for beef cattle I would like to believe that it will allow us cattlemen to make more educated decisions in breeding stock to produce more prime cuts of beef. Whoever said that you can get the same taste, tenderness, and overall quality of beef from another breed such as Beefmaster, Hereford, or Brangus you're lying to yourself. The Angus breed is the benchmark breed for beef and it will remain that way. There is more carcass weight, ribeye size, and overall marbling with Angus cattle than there is with any domestic breeds available. For you sports fanatics, it's like me trying to tell you that Chinese athletes are better suited for NFL football than African Americans.
In conclusion, you're not getting screwed over on price for a good steak. Wildifires, droughts, gas prices, and shortage of cattle all has to balance itself out to end up with the final cost of a packaged ribeye in your local grocery store. If you're going to a restaurant and paying for a steak consider yourself getting screwed over. Order a full loin from your local butcher and marinate and cook it yourself.
If you don't like the beef you're getting now...imagine relying on foreign countries for supplying your meat and milk to your local grocery...which is what we're headed for if the U.S. Government doesn't set aside some money to help farmers/ranchers. Regulated beef from the USDA is worth something.