US Cattle Herd at 73 year low while Beef prices hit highs

[Melensdad]

Inflation? Lack of supply? High demand?

WEF wants us to eat bugs. They now control huge tracts of farmland. Might be time for small and medium size farms to buy some cattle?

US Cattle Herd At 73-Year Lows As Retail Beef Prices At Record Highs | ZeroHedge

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US Cattle Herd At 73-Year Lows As Retail Beef Prices At Record Highs​

Readers have been well informed about 'beeflation' and why it's happening: ​

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• Dwindling US Cattle Herd Implies Supermarket Beef Prices May Rise Even More
• Hamburger Prices Might Continue To Rise As US Cattle Herd Shrinks
• US Cattle Prices Hit Nine-Year High As National Herd Drops To Half-Century Low
• US Beef Prices Hit Record High As Nation's Cattle Herd Expected To Shrink Through 2025

The latest data from the US Department of Agriculture's biannual cattle inventory report on Wednesday showed that the US cattle herd (as of Jan. 1) fell 2% from a year ago to 87.2 million cattle. That's the smallest herd count since 1951. ​

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Source: Bloomberg ​

Bloomberg explains the reason why ranchers are increasingly culling more cows: ​

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American ranchers have for the past four years been culling more cows than they were retaining for breeding because of persistent droughts, surging feed costs and elevated interest rates.​

A shrinking herd has pushed US retail beef prices to a record of $5.21 per pound. Rising food prices are the central bank's worst enemy. ​

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According to Lane Broadbent, president of KIS Futures Inc. in Oklahoma City, drought-plagued pasture conditions might only improve after 2026. ​

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Meanwhile, elites in the WEF cult have been pushing hard to ban cow farts because they allege it's contributing to climate change. These folks are adamant about resetting the global food supply chain to one that puts working poor folks on a bug-heavy diet. ​

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How about folks rebel against these unelected, woke WEF elites? The most peaceful way to do so is to purchase farmland in fertile Appalachia and raise beef cows. ​

 

[FrancSevin]

Scary numbers but not much specifically about why?

I would love to get Kirk's ( 300 H&H ) take on this.
Is he still banned?

As for small farmers getting into beef, most of my Ozark neighbors and friends have been pressed out of cattle production. Regulation and the beef processors seem to be the reasons. Taxes, insurance, & cost of land,

Bloomberg's explanations do not make sense as the herds have been declining since the 70's when, perhaps, production costs were lower. However. it is only recently that fed, interest rates and drought have entered the picture.

I would suggest there are more believable causes about which we are unlikely to hear from the mainstream media.