Beef prices hit record highs with cattle herds at historic lows

Beef prices are hitting record highs, and America's cattle supply is shrinking. Ranchers are dealing with drought, high costs and smaller herds. CBS News correspondent Ian Lee is in Wyoming with more.

Beef prices are hitting record highs, and America's cattle supply is shrinking. Ranchers are dealing with drought, high costs and smaller herds. CBS News correspondent Ian Lee is in Wyoming with more.