Did Anybody Notice

Started by Possumpoint, January 29, 2012, 05:52:06 PM

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Possumpoint

The announcement that beef herds are now being maintained at 60 year lows? The reason is the droughts in the southwest and wild fires. I look for big increases in the the cost of beef if demand goes up. I've stocked my freezers nearly as full as possible. Sorry, I don't have a link at the moment.

Solar

I heard this as well, but when I heard about it, it was only speculation at the time .
I guess I better stock up a bit and do some jerky...
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Seawolf

I knew about this last summer.  The farmers had to thin out their herd because of the severe drought in Tx and Ok.  Even straw was very hard to come by.

walkstall

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Always remember "Feelings Aren't Facts."

Dan

It's really gonna start affecting beef prices this year. Pricing at the livestock auctions is getting really weird and outside of historical trends.
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Seawolf

I was in the store to buy steak and saw the price had increased a whole dollar per pound over last year.  So instead of 8.99 a lb it is now 9.99.  That was a good size jump.

Dan

My brother in law raises cows as a side business. Right now young steer are more expensive that past years but nit unreasonably high. He is budgeting selling his meet for $3.75 per pound so it's unlikely beef costs will go up to some breaking point.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Holly101

What about the price of a dang chicken?  What happened to cause this ridiculous price we're paying?

Possumpoint

As I understand it, some of the problem is the use of corn in the production of ethanol. This has caused a rise in corn prices and a resultant rise in the price of everything corn is used in or for.

BILLY Defiant

Watch the commodities market and keep an eye on the price of beef...this might be a clue.

Billy
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Solar

Quote from: CHEVY VOLT GOVT on February 11, 2012, 07:43:24 PM
Watch the commodities market and keep an eye on the price of beef...this might be a clue.

Billy
Beef is already going up quite a bit from the Southern drought, but add to that fuel costs and panic buying and the price is probably going to sky rocket.
Its already gone up a buck a pound here in Ca and we Ca raises most of its own beef.

This doesn't bode well for Hussein this Fall. :biggrin:
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Dan

In my area the big thing is the drought. People are growing less grass on their land. That means they are spending more on feed and making less. So they are selling more of their herds and some marginal guys are getting out.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Solar

Quote from: Dan on February 13, 2012, 08:39:54 AM
In my area the big thing is the drought. People are growing less grass on their land. That means they are spending more on feed and making less. So they are selling more of their herds and some marginal guys are getting out.
Add to that the price of electricity to pump water for irrigation and that pretty much seals the deal.
Most cut their losses early and will try again when the drought ends.
I don't even have to mention fuel cost into the equation...
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Dan

The big costs are the cattle, feed and processing costs. Usually vet costs are pretty minor if you are just buying steer to fatten up. And there could be a small rental fee if you are using someone else's land. But in this equation, the feed is by far the biggest cost and droughts mean more guys have to buy hay and they are having to work harder to achieve the weight gains in their animals that create a profit.

The math just works a heck of a lot better with a little more rain. ;)
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Stinkfoot

The Food Safety Act passed in 2010 gets credit for a big % of this increase too.