Cattle prices have hit record highs this spring.Continued high demand for beef and tightened supplies due to several consecutive years of drought are driving the price increases.“We’ve had record high prices for calves this year so far, even eclipsing those in 2014 and 2015,” Dr. David Anderson, Texas A&M AgriLife Extension economist, said. “We have the smallest cow herd since 1961.”Those prices are expected to remain strong throughout the year.Cow-calf producers are encouraged to consider price risk management strategies to help protect them in strong markets, as well as downturns.“I think we’re still going to have really good calf prices ...