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Beef prices set to surge further as farmers sell off cattle herds

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    Beef prices set to surge further as farmers sell off cattle herds

    This is a bummer.

    New USDA data shows cattle farmers are culling their herds amid drought conditions and soaring input costs. Analysts say higher beef prices will follow.

    #2
    Explains the higher sale prices from creekstone recently

    Comment


      #3
      Tough to be a rancher in a drought no matter how small or big your operation is. I posted a comment to another thread a while back about my friends, big into raising American Wagyu, planning on slaughtering their breeding cows to prepare for this. Almost immediately after returning from the hunting trip I went out and bought additional freezers and loaded them up as a hedge against this happening.

      Comment


      • hoovarmin
        hoovarmin commented
        Editing a comment
        Donw what is your friend's take on how this resolves and when?
        Last edited by hoovarmin; July 30, 2022, 06:33 AM.

      • Donw
        Donw commented
        Editing a comment
        No idea other than rain, and lots of it. I can say they have one of the pureblood herds directly imported before the ban and that herd will be well looked after no matter the expense. It is the cross bred herds that will take a long time to recover once the conditions are right again, or so I’m told.

      • hoovarmin
        hoovarmin commented
        Editing a comment
        My gosh, we are in a perfect storm right now.

      #4
      I think it is coming true "a black horse; and the one seated upon it had a pair of scales in his hand. And I heard a voice as if in the midst of the four living creatures say: ‘A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the olive oil and the wine.’

      Comment


        #5
        We just sent 18 head to the auction. If no rain in 5 weeks the rest will go. Just outside of Alto, TX.
        Had to start a water trough off city water and water department called two days later to check on leak.
        Expecting $500 water bill.

        Comment


        • hoovarmin
          hoovarmin commented
          Editing a comment
          Dang bro. I'm sorry you guys are having it so tough

        • bordercollie
          bordercollie commented
          Editing a comment
          If you are on city septic as well, the water charge will be higher because it's based on how much goes to the sewer and they would think this is all running to the sewer. My nephew in law was told that if he watered the yard/garden a lot, it would save $ to have a separate meter.

        #6
        I just read that same article this morning. Weather is really causing havoc this year. Obviously not just this year but its been notably drier in NJ this year vs last. Of course im saying this without looking up rainfall stats but it certainly seems that way.

        Comment


          #7
          It's going to happen. Farmers can't afford the high price of hay and feed . We've been blessed with rain and have grass but the price of hay has went up 40 % and feed- like corn- has also went up extremely. I heard that the big round bales of hay were selling for $100 a bale in the drought areas. I saw this parched grass when I made a quick trip to see family in sw Ark near Ok border. We ourselves just paid almost 12 a bale for square bales.
          I agree with BBQLuv .
          Last edited by bordercollie; July 30, 2022, 04:52 PM.

          Comment


            #8
            No amount of money or land can buy or control rain.
            Click image for larger version  Name:	D3063694-1119-4DA7-81EF-E7C8916DF85E.png Views:	0 Size:	38.8 KB ID:	1264511

            Comment


            • jfmorris
              jfmorris commented
              Editing a comment
              Wow! I knew I was in the edge of the drought area, but had no idea it was this extensive. This makes me think of the great dust bowl years we learned about back in the days that public high school still taught history.

            • Bogy
              Bogy commented
              Editing a comment
              Mostly hogs around here, although a lot of guys have a few head of cattle. My own home is on the edge of the drought area. Where the parsonage is located is east of that, but the corn crop is at a critical point, we need rain for the pollination. Not rain like St. Louis or Kentucky got, but a light drizzle would be good. Hay looks good around here, although if it stays dry its going to affect subsequent cuttings. I have friends who serve churches in western Nebraska, not looking good there.

            #9
            There was another thread recently with comments on this very issue.
            Not a good situation. Hoping the ranchers are able to withstand both the short, and long, term effects.
            I've been slowly trying to stock the freezer at least a little bit to be as prepared as I can. I do worry that this will have a bleed over effect where rising beef prices will cause folks (self included) to switch to other protein sources, thus driving those costs up as well...
            Buckle up. Gonna get worse before it gets better methinks

            Comment


            • hoovarmin
              hoovarmin commented
              Editing a comment
              I think you are correct.

            #10
            The southwestern US is amid a major shift in climate, with growing zones migrating north (just ask the wine grape growers) and increasingly arid conditions from eastern CA to TX and New Mexico to Colorado and beyond. The western Great Plains are also going to go through significant changes. The evidence suggests these trends will be continuing for quite some time (multiple human lifetimes). In this and many other ways, things will very likely never be how they once were. Of course, the only thing constant in history IS change, but that doesn't make it any less unsettling to live through. (The curse of being a deep history nerd...)

            Comment


              #11
              Trouble comin every day.

              Comment


              • DaveD
                DaveD commented
                Editing a comment
                You got that right.

              • Mosca
                Mosca commented
                Editing a comment
                There ain’t no way to delay….

              #12
              Mean while in NZ the place is like a swamp. Yesterday was the first day in a month it had not rained.

              Comment


                #13
                2011 all over. I got deer meat and bacon ends getting mixed this weekend. Shrimp in the freezer. Waiting for dad to kill another calf.

                Comment


                  #14
                  Ugh. I hate reading this. I get paid Monday and plan to go to Sam’s that morning and buy a case of chuck rolls (3-4 per case) and butcher them up into a big mess of steaks for the deep freeze, the way gboss showed us a week or two ago. Seems like the best bang for the buck right now, as it gets some nice steaks and a few tied up roasts for about $4 per pound, and I can grind the trim for burgers.

                  gboss are you still happy with those steaks you made from the chuck roll? Would you want 3-4 times that much in your freezer, or do I need to add variety to my beef stockpile, knowing I am budget constrained?
                  Last edited by jfmorris; July 30, 2022, 03:29 PM.

                  Comment


                  • hoovarmin
                    hoovarmin commented
                    Editing a comment
                    I hate reading this too

                  • gboss
                    gboss commented
                    Editing a comment
                    Very happy with what I ended up with out of that chuck. It's a good variety. I'm not sure I'd want ONLY that, but it's really a tremendous value and would certainly make a solid backbone to a beef stockpile, if you will.

                  #15
                  As DonW posted, it is bad here in my state.

                  Click image for larger version

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ID:	1264935

                  Comment


                  • hoovarmin
                    hoovarmin commented
                    Editing a comment
                    Sorry bro

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