Meat packing is heavily biased towards foreign born workers. The companies have complained about high labour costs.
Cattle prices are from futures market charts. The typical market price effects from narratives of “high beef demand” and “Cattle shortages” would be higher cattle prices.
The US beef supply is squeezed because some big droughts from a couple of years ago forced ranchers to sell off a lot of their herds.
Now, they don’t have the herds to supply the demand, and you can’t just magick more cows into existence. Once the problem exists, it takes a bunch of time to grow calves into cows.
The problem is exacerbated by a dynamic where the current high prices encourage ranchers to sell their cattle instead of keeping them around to grow the herd.
That is primarily a consequence of immigration crackdowns. Beef inflation up 9% while cattle is down 9%+
this is an insight I hadn’t considered.
makes intuitive sense but do you have any links or references so people can learn more?
I thought drought was a major factor in beef supply drop but it’s probably multiple things
Meat packing is heavily biased towards foreign born workers. The companies have complained about high labour costs.
Cattle prices are from futures market charts. The typical market price effects from narratives of “high beef demand” and “Cattle shortages” would be higher cattle prices.
The US beef supply is squeezed because some big droughts from a couple of years ago forced ranchers to sell off a lot of their herds.
Now, they don’t have the herds to supply the demand, and you can’t just magick more cows into existence. Once the problem exists, it takes a bunch of time to grow calves into cows.
The problem is exacerbated by a dynamic where the current high prices encourage ranchers to sell their cattle instead of keeping them around to grow the herd.
well maybe YOU can’t
neither can I but if we can find the asshat who can but isn’t…