Get ready to feel the pain of high beef prices. Not only is inflation rising naturally due to Federal Reserve printing of money, but beef farmers are leary of coming back into the market from last years drought.
I recently spoke to two farmers here in the central Indiana area about cattle herds. Straight up “No’s” were issued. The typical length of time for cattle to hit the market (birth to sale) is one and half years. Farmers are staying away this year because many sold off last year. Word they told me is “three years” in seeing any recovery.
Nationally the U.S. is under 90 million head of cattle for the first time since 1952.