YUGE Win For Ranchers & Steak Lovers!🥩
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Hello: any idea what is driving up beef prices lately ? I'm hearing insane numbers like baby beef calves worth $400-$500
Remember that guy that shut off American Oil Production?
And the sold off the strategic fuel reserves?
Then Blew up an undersea pipeline?
Ah yes kemosahbee.
Like everything else, raising cattle is directly affected by the price of fuel, feed, fertilizer, etc, etc. Costs almost twice as much to bale hay as it did 5 years ago.
Indeed, SA. Cheap energy is the lifeblood of any economy. Probably not a coincidence that on day 1 of entering the oval office, President Mashed Potato Brains issued multiple EO's curbing domestic energy production.
Expensive energy impacts every single market and supply chain.
Yep understood, what I meant is cattle buyers are paying insane money for beef cattle lately.
Probably because of supply shortages. A lot of folks have left the business.
For good reason if it's true that a significant number of them have been told to kill and otherwise destroy X amount of stock.