When feeder steers are over $350 a hundred weight the problem is not the packers.
A fifth grader can figure that out.
You’re dealing with first graders around here. Fifth graders understand the basics of supply and demand. Some of the folks around here love government intervention.
> When feeder steers are over $350 a hundred weight the problem is not the packers.<
The drought forced many ranchers to send their feeder stock to feed lots. That isn’t cheap, but the alternative is to lose the herd.
It’s more than one thing causing the increase.
EC