The “flood” of beef will not reduce store prices but will instead increase packer’s profits.
Similar to the $4 tub of Land-O-Lakes oil and butter I no longer buy. Wonder what the profit margin is on that now? Sure seems extreme to me.
In a rare moment of good judgement all my cattle have been gone since late spring when they were looking their best. Just had a feeling and called it right, I rarely do.
In ‘12 the pastures were eaten down to the roots. I am watching the neighbors cows beginning to get frantic for forage and decent water. Looking sideways from a distance grass does not appear too bad but straight down and up close it is sparse. Thankfully we had a good spot rain last week, should save the trees, but it is so hot the grass just doesn’t grow much at all. It rained up to 6 inches in 2 to 3 hours and there was not a drop standing by midnight. I went out and looked, soaked right in. Not even muddy spots.
I have a barn full of decent hay and the price will be high again this winter. In ‘12 it hit $100 a bale and people hauled it hundreds of miles. That is horrible.
Supposedly we are in for a short spell of more seasonal temperatures but the damage has been done. Long range forecast is not favorable for a fall recovery. I hope it is very wrong for others and their stock.
Just wait...... You will be called a ‘hoarder’ and a ‘price gouger’........................