> 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
“The drought forced many ranchers to send their feeder stock to feed lots. “
It forced them to send their heifers to the feed lots. And their brood cows to McDonalds.
To restore the herd they have to withhold and feed the heifers for a couple of seasons. Maybe 3.
That’s damn expensive. And the price of beef will reflect that.
UNLESS the country decides to destroy the domestic industry and import beef.
Patriots will eat more chicken, pork and beans.
Anti American cry babies will demand cheap beef no matter the source, because they don’t care about the health of the country.