[Balding_Eagle]

Based on your argument, corn prices, the main ingredient in beef production, should be at all time highs.

Instead they are at the lowest point in years, in the $4 per bushel range, down from the $7 to $8 of the past years.

This drop is from an oversupply of corn.

What would you expect to happen to beef prices?

[Yosemitest]

The current numbers of beef cattle in the United States is low.
However Argentina beef and other counties may not be as low as we are.
My guess is it will take about 3 to 5 years to resupply the numbers to the herds.
Normally a cow has to be at least 2 years old before she can start calving.
And then if the farmer is trying to increase his herd numbers, he'll only sell the yearling bulls or make steers out of them at about 6 months old, and then sell them at a year to a year and a half old for stocker steers.
The cattleman will normally replace his "Seed Bull" between every three to five years, and won't sell it for slaughter, but to another cattleman to " seed" his herd.

I expect beef prices to remain high for several years, not just because of the number of cattle and the cost of feed, but also because of the price of our Dollar against other currencies and the Democrats policy of continued devaluing it and printing"more dollars out of thin air.