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Thursday, July 21, 2011

More news on the beef sell-off

The drought in the central plains states is making conditions untenable for raising cattle.  Ranchers are selling off their cattle so fast, slaughterhouses are now at capacity.  So that means beef might be much cheaper for awhile, but watch out, the prices will be much higher later.

Beef Prices May Jump As Drought Creates Cattle Surplus
"Ultimately, the drought will affect what customers will pay for beef at the grocery store, cattle owners said.
Since a mature cow only has one calf per year, it will take years for the ranchers to rebuild their herds. That could cause the price of beef go up as early as the end of this year."

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