Andy Berry, executive director of the Mississippi Cattlemen's Association, says those prices are largely driven by weather conditions hitting both the region and the entire country.
"Primarily, the higher cattle prices, the higher beef prices that we see today is a direct result of drought and herd sell-off, not only here in Mississippi and the Southeast, but all the way across the country," said Berry.
And he says some other large-scale issues, like the war in Iran, play a smaller role in pricing.
"I'm not going to say that the war doesn't have an effect on maybe some transportation costs, maybe a little higher diesel that we're just now starting to see, which really doesn't factor into the pricing today," said Berry.
While beef prices were high even before the war, the cost of things like feed or packaging could increase over the next few months in response.
But for Mississippi, Berry says the biggest issues are many of the more local ones: for example, an explosion at a Yazoo City chemical plant several months ago has made it harder to get products like fertilizer closer to home.
"So we're not able to have ammonium nitrate produced here in Mississippi," said Berry. "That really affects our fertilizer prices probably more so than the Iran War in terms of nitrogen."
And following that was January's winter storm, which Berry says caused additional problems for ranchers and farmers in the north part of the state.
"We had infrastructure problems with our fences, barn collapsing and things like that," said Berry. "So that started the year off, and then drought has been the biggest issue."
In Berry's view, though, Mississippi is in a better position than other, more arid states, like Texas or Oklahoma, to handle drought.
"Even with this severe drought that we had earlier this year in Mississippi, the rains we've had the last couple of weeks have just replenished our forage," Berry said.
Ultimately, much of it is an issue of supply and demand, Berry and Maples both said.
"We're still in the really tight supply as part of this thing and that is the major factor that is affecting the beef prices," said Maples. "But consumer demand has been absolutely unbelievable for beef and so, it's really a perfect storm, if you will, for high beef prices."