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2
Posted on 3/1/23 at 8:13 am to SWCBonfire
quote:True. My in-laws little 400 acre ranch in Utah raises alfalfa for winter feed hay, and set aside a 50 acre tract to raise premium Angus bulls for breeding with a few heifers reserved for the freezer.
It's become a hobby, not an industry.
Most of their clients are all wanna'-be John Duttons, who retired from corporate life, or inherited money, with small 40-50 acre tracts and maybe only 35-50 head of cattle.
Posted on 3/1/23 at 9:12 am to AggieHank86
quote:
[Bill Gates & Blackrock] Do not control droughts.
You may want to bone up on "Weather Control/Manipulation," Harvard Geoengineering," HAARP, etal, etc.
A Bill Gates Venture Aims To Spray Dust Into The Atmosphere To Block The Sun. What Could Go Wrong?
Posted on 3/1/23 at 9:34 am to FelicianaTigerfan
quote:
The price of everything associated with raising cattle went up but the price of cattle didnt. Its just not economical.
Prices did go up. Ranchers are probably staying in because low supply signals higher prices. Per the source article:
quote:
“To the extent that we’ve got historically low cattle stocks today, that will lead to tighter cattle production, which means potentially higher beef prices,” Mitchell said. “From the perspective of cattle producers, this also means higher prices. The recent report from USDA just reinforces a bullish outlook on cattle prices for the next couple of years.”
LINK
Posted on 3/1/23 at 9:36 am to AggieHank86
quote:
quote:
Bill Gates & Blackrock
Do not control droughts.
Or enough "farmland" to make a dent.
Posted on 3/1/23 at 9:39 am to HubbaBubba
quote:Those people have a couple dozen calves to sell every year, same as any other small operator. Do you know who buys those calves? People that have been ranching for generations. They precondition the calves for the feedlot, and hopefully make a profit when they resell them.
wanna'-be John Duttons, who retired from corporate life, or inherited money, with small 40-50 acre tracts and maybe only 35-50 head of cattle.
Posted on 3/1/23 at 9:58 am to cwill
quote:
low supply signals higher prices
Ethanol (powered by government ethanol mandates) created artificial demand for corn and broke the cattle cycle. It no longer follows the same pattern.
We were at 96% of present day numbers in 2014.
You are correct, the market will correct this. More ranchers will sell the ranch and packers will shutter more plants (and kill the livelihood of small towns) and prices will rise moderately and we will have a push to import more beef to keep input prices low ( for the feedyards/packers, not the consumer or rancher).
Posted on 3/1/23 at 10:11 am to SWCBonfire
We may disagree on how this will play out, but it is nice to see someone posting here who actually understands the beef industry. All the "experts" who "stepped in cow shite once" get tiresome.
Posted on 3/1/23 at 11:02 am to SWCBonfire
quote:And consumers can no longer afford to pay $6.00 / pound for 70/30 hamburger. A lot of money is going somewhere.
Ranchers can no longer afford to be paid pennies on the dollar for the beef they produce
Posted on 3/1/23 at 12:28 pm to tokenBoiler
quote:
And consumers can no longer afford to pay $6.00 / pound for 70/30 hamburger. A lot of money is going somewhere
There has been massive consolidation in the number of feedlots and packers (without so much as a peep from the FTC about antitrust concerns), causing less competition for feeder calves and slaughter cattle purchased from outside sources, allowing them to somewhat name their price. My understanding is the "Live Cattle" futures are effectively a speculation with essentially no commodity attached to it - very few carcasses are payed out based on the spot price anymore.
This originally took place due to mergers and failing packers eventually being bought up by foreign entities. There have been a lot of boom and bust cycles going back decades that have lead up to this, but it was ethanol (and ethanol mandates to replace the hazardous chemical MTBE as an oxygenate in gasoline to meet more stringent EPA emission standards - unelected government bureaucracy on top of layers of unelected government bureaucracy) that was the straw that broke the camel's back. Corn and cattle historically have had a give and take relationship, with expensive corn making cattle expensive to finish out and driving cattle prices lower, and the opposite if corn was plentiful. Diverting massive amounts of corn to ethanol production completely and irrevocably upset the balance driving the cattle cycle.
Additionally, there has been a massive push within the industry to improve herd genetics and the dollar value of the carcass, with little added financial incentives trickling down to those responsible for financing improvements to herd genetics (cow-calf ranchers). They typically buy bulls, raise calves to weaning age, and sell them to backgrounders/stockers who add weight to get them to the feedlots if they are light, or to feedlots. A vast, overwhelming majority of cow-calf producers do not retain ownership of the cattle through the feedlot to slaughter, meaning they do not see the fruits of their genetic improvements.
This post was edited on 3/1/23 at 12:31 pm
Posted on 3/1/23 at 12:38 pm to Jjdoc
Can’t wait for all the lefties to start bitching when they can’t get meat, they’ll blame it on Trump
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