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Sky-high input prices coupled with ongoing drought conditions in much of the country are exacerbating the sell-offs.
National Cattleman’s Beef Association CEO Colin Woodall says this year’s drought is more widespread than the regional droughts seen in years past, when producers could send their cattle to other parts of the country to graze until it started raining again.
But so much of the country is in a drought.
“There’s no place to go because everybody is struggling to find the forage they need to feed their cattle,” Woodall told FOX Business.
“We do expect the prices to continue upwards, but everybody has to remember that it’s not cattle producers setting that price.
“It’s all about costs. When you look at those who make a decision to send their cattle to market to either thin down their herd or completely eliminate their herd, it is always going to be attributed to the increase of their input costs. And that is everything from the cost of feed, cost of hay and cost of diesel for tractors, diesel for the truck, fertilizer costs. And there’s so many things that go into producing cattle that the producers just don’t have any control over.”
The increased number of cows and heifers sold for slaughter means herd depletion will continue, and building it back will take years.
Supply and demand means More beef in the market should mean LOWER prices. Not higher..
price of live cattle as of 7-30
is 1.36
perhaps someone could explain
tia
With the price of ground beef up 9.7% in June from the same month a year ago, the ongoing decrease in supply could cause prices to surge even further than earlier estimates.
I buy and freeze...
Obozo’s Third Term continues apace.
Watch the Fanatics take advantage of this and push plants , they know people are easier to control when their diet is restricted to plants , something they learned from Cults
Transitory. /sarc
Bill Gates and others are going to be happy to hear this.
So will the enviroIdiots and their crusade against cow farts.
More power to us eating 3d printed beef and the like.....
Are you ready for your grass clipping burgers? Yum! Yum!
Spoke with a rancher this week about beef prices. They say they are being paid less for their cattle and it is the processors that are jacking up the price.
He also mentioned that the cost of ranching is going through the roof…feed, labor, etc. Many ranchers are cutting back so as to decrease supply and get their prices back up.
Headline reminds me of the “muh Russia” hoax headlines:
“Mueller poised to . . .”
“Special Counsel considering . . . .”
“Democrats on verge of . . . “
“likely to . . .”
Needless to say, this isn’t news. It’s only news when/if prices actually rise.
Here in Texas:
https://www.ksat.com/news/local/2022/07/19/texas-ranchers-rush-to-sell-livestock-amid-drought/
I just bought a whole and split it with a friend for $4.50 a lb. hanging weight. It’s Custom Cut,too. http://www.mtxbeef.com.
First bought from them during lockdowns, supply chain disruptions in Spring 2020. Haven’t bought grocery store beef since then.
I am not in a drought area, however, my costs for fertilizer, feed, and fuel are more than double what they were last year.
“”We are seeing large numbers of female stock have been placed in feedlots,””
Hmmm - perhaps an answer to the witches protesting about NO ABORTIONS! Just an idea!
With food prices skyrocketing, and me retiring and having a lot more time, a vegetable garden in the summer is becoming a thing — also foraging for mushrooms and other delicacies.
For the winter .... I’m developing a bushmeat paradigm. I don’t care what is legal or not — I won’t get caught, but safety is important, and no harm to troubled species — I don’t want to be the guy who eats the last ivory billed woodpecker.
On the list here in SWPa. are deer, canada goose, coyote, black bear, snapping turtles, raccoons, woodchuck, possum, skunk, squirrel, rabbit, house sparrows, starlings, pigeons, turkey...
What am I missing? What is your favorite knarly free meat?
Eat your bugs, serfs.
But don’t worry, BIll Gates and China have secured American ranchland for the elites’ supply of steak and burgers, so all is good for them.
If you're cheerleader for the proxy war in Ukraine, you're behind "the liberal world order" that is pushing the green agenda.
Headline makes no economic sense.
It’s hard to believe that OUR FARMERS AND RANCHERS ARE GOING TO LET THOSE FANATIC LUNATICS AT DAVOS control them.
Please God, if we allow ANY OF THIS CRAP TO TAKE HOLD...
Someone...someone big and strong HAS TO STEP FORWARD AND TELL US WHAT TO DO TO ...STOP THIS INSANITY.