Read somewhere that because of the exceptionally cold winter, ranchers were loosing a large percentage of their cattle. This could be the reason for the higher prices for anything beef.
There has been a perfect storm on cattle over the last year.
Exceptionally cold from the Texas Panhandle to the Canadian plains. Water restrictions in California. Drought in West Texas. California ranchers are selling parts or all of their herds to ranchers in Texas because of the lack of water.
But bammy gets all the wagu he wants.
It’s good to be the king.
Also, in Texas and Oklahoma, many ranchers sold down their herds due to drought. That caused a short spike in supply to help prices, but now it is catching up.