The U.S. cattle farms have reached its lowest levels it’s seen in over 7 decades. Cattle inventory is down about 2% and will keep prices of beef high, and even rise in the coming years.
The cattle shortage is mostly due to the drought out west. Ranchers haven’t been able to maintain their herds because they’ve had little returns over the years because of low prices in the past and there also hasn’t been big incentives for them to keep the herds growing.
This issue could go on for the next two years. Even if farmers increase their herds now, it takes a couple years to get it built back up from start to finish.
By - FZ
Comentários