Posted on 01/07/2025 10:21:09 AM PST by DallasBiff
CHICAGO, Jan 2 (Reuters) - Chicago Mercantile Exchange (CME) feeder cattle futures reached life-of-contract highs, while live cattle futures hit multi-month peaks on Thursday, as meat packers struggled to find inventory, analysts said.
CME March feeder cattle settled up 3.225 cents at 266.200 cents per pound, and all other contracts except January also reached lifetime highs.
February live cattle futures ended up 2.000 cents at 193.600 cents per pound, having earlier reached their highest level since March 21.
Beef packers are having significant problems finding enough animals to cover their production schedules for the next week, said Cassie Fish, analyst and author of online newsletter the Beef.
(Excerpt) Read more at livemint.com ...
Flame away.
Pork is still cheap.
But Beef and Chicken are too expensive. We ought to be working on more production to lower the costs.
I don’t farm, but I have friends who do.
America’s entire financial, trade and regulatory system, as well as society, are aligned AGAINST small farmers. the worst offenders are the FDA and USDA, who being government bureaucrats, can’t help but benefit large corporations above all.
Cattle especially. They take 18 months to reach maturity. Few young people go into the business. Small-scale, local slaughterhouses are closing. Environmental regulations are crazy.
Its no wonder cattle herds are at 60 year lows.
could you elaborate on that? Is pork production growth not as constrained as beef or chicken?
in my simple mind...it would “seem” that growth of chicken production would be less capital intensive than either beef or pork....also less time to maturity, far less space, etc. (at least animal per animal, maybe not calorie per calorie)
what are the factors which are currently constraining beef production growth?
Bill Gates’ fault.
You ain’t seen nothing yet.
Just wait until the Feds start slaughtering whole herds because they think one of the cows caught ‘bird flu’.
They have already slaughtered tens of millions of chickens because maybe one or two in a flock sneezed.
eat zee bugs
“Biden policies in action till the end. Get more bulls to do their job.”
Bidet has no affect on this.
Cattle numbers are low because of past years droughts in rangeland country.
Ranchers then sold off cows as grass had dried.
Less cows means less calves born to turn into beef.
The problem continues as those heifer calves are worth a ton of money.
So heifers are fed out instead of bring retained for future cows.
Shitlery’s gonna make a killing.
“We ought to be working on more production to lower the costs.”
If only that had occurred to the market. Trust the “invisible hand.”
Quick! Bring in more H1B's!! /sarcasm - a lot of H1B's don't do beef
Cows generally “get over” bird flu..it mainly gives them runny noses and lower milk production. Bird flu is fatal to chickens. A cow is too expensive to kill just because they have the sniffles.
Heavy winter won’t help prices
REPORT:
Pets Mysteriously Disappearing
What about this?
https://freerepublic.com/focus/f-news/4145158/posts
Was that isolated? Or were there other similar events?
DO NOT FORGET THE FARMS WHERE MILLIONS OF CHICKENS DIED IN “FIRES”.
“Bird flu is fatal to chickens”
I’ll say, paid $10 for a dozen jumbo eggs yesterday. $9 for large. Two weeks ago it was $5.49 for jumbo.
Amen.
Pres. Trump, Sec. Rollins, we need country of origin labeling back for beef and pork.
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