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Beef Prices Are Not Too High When Compared To Other Products Ranch It Up Herd It Here Episode 110. Jeff Tigger Erhardt

EPISODE 110 DETAILS

Beef Prices Are Still A Bargain & Cattle Prices Are Not Too High

Beef consumption in the U.S. is still climbing, even as the nation’s cattle herd shrinks due to low prices, drought, and market instability. Recent border closures to Mexican cattle over New World Screwworm concerns, and former tariffs on Brazilian beef, helped drive both cattle and beef prices to unusually strong levels.

President Trump has pledged to bring beef prices down. In the past six weeks, his administration has removed tariffs on South American food products, reversed the Brazilian beef tariffs, and moved to sharply increase Argentinian beef allowed under tariff quotas. The result: the fastest and steepest drop in feeder cattle futures ever recorded.

But consumers haven’t seen lower prices at the meat counter. Even with cattle prices falling about 20 percent from their highs, boxed beef prices actually climbed through October and have only recently leveled off—moving in the opposite direction of what the White House intended.

REFERENCES:

https://www.tsln.com/news/a-steak-in-the-game-producers-say-beef-prices-are-appropriate-cattle-price-drop-is-artificial-fundamentals-havent-changed/

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