On the short term, more beef on the market means the price to the rancher or farmer is much lower, but that is not necessarily reflected in the processed beef that arrives at the store shelf. The beef, as it is processed, is then frozen, and held off the market, in storage, for the coming much reduced beef supply. There is an approximately eleven year cycle while the numbers of beef animals are again bred up to the previous level, then the oversupply and subsequent culling back of the national herd again reduces the number of breeding animals back to a low level.
BOOM! mic drop on the good reply!
Interesting. Thanks for sharing your insights.