This is a good recital by the GAO on Food Prices, its trends, factors affecting it, and how the government plays a role in it. It covers quite a bit of territory on costs and prices pre-2021 and 2021 to 2022. It was those two years when Covid was having an impact on the nation and globally. The impact came in getting food to market, processing it, and making it available. If have some time to review this report, I believe you will come away with...
Read More »Cattle Crystal Ball
Herd consolidation seems to be the main point being plugged right now as the total herd population of beef cattle is dropping and will continue to drop well into next year. This mirrors the 2014 cattle year where we had a steep downturn in total US herd. Next year will be more of the same with a general degradation of total population. Here are the factors: Severe drought has brought about pasture shortages. Lack of rain in the western parts...
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