YUGE Win For Ranchers & Steak Lovers!🥩
(twitter.com)
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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.