Originally posted by: MaxFlavor
I'm cool with that, just looking to save you fellas some time. We all know the excuses by now.
Thoughts on record beef prices? I know you were concerned about input prices during the Biden administration.
There's multiplicative reasons for record beef prices but the main and broad reason for these falls under the old supply and demand rules ( demand is outstripping supply and driving prices upward). Major contributing factors under that umbrella include the smallest number of beef cattle and herds( low inventories) since the 1960's. Drought conditions nationwide ( particularly in the west) have contributed to that reduced national live cattle supply. Further, higher costs of production/ doing business throughout the supply chain including meat processors, grocery stores, restaurants, and fast food joints have contributed to overall costs of this commodity for the end consumer. Plus the inherent biology involved in producing an end product (meat) in the cattle business takes over two years from conception to packaged product. When interest rates are highthat's not a good thing.Then there's high grain costs, interest rates, and either real, anticipated, or jump--through-your-own-ass concerns about current or future tariff effects.
The forecast isn't good, either..these prices are expected to rise further until supply inventories and other factors coalesce to drive prices the other direction. Despite all those distractions, beef demand remains robust generally speaking. I'd still rather eat a burger or steak than chicken or kale, though. If beef prices continue to increase, the consumer will just adjust as they need to..like they've always done with most commodities.
I don't recall whining too much about beef price inputs here previously, but I might've. I most certainly did whine about government overspending including Biden but I included my own side in that long standing debacle; that's just part of the old archaic conservative dogma / mantra game. All those peckerwood politicians are accomplished at spending beyond their means.
That's more than you asked for but..there it is. Make some medicine.