Other than money printing, I'm not sure what else might be going on with beef prices, which got me curious.
It looks like inventory has dropped a lot, but I'd guess we are producing the same or more pounds of beef just with fewer heads.
I couldn't find a chart over all of the US, but in Texas at least, that looks about right; a lot fewer heads but relatively stable production weight over time.
Where's the beef? Texas is the answer.
(I wonder what kind of alligator dodging cattle they're farming out in Florida.)
This all from the USDA's website, which has a nifty tool for survey visualization and a bunch of publications with more data.
Had read something that says this has been normal for ~50 years or so since the carcass size keeps increasing with breeding/nutrition practices
I think I found this when looking into why Bison aren't a good substitute in areas where cattle won't forage, since there's less usable meat on an otherwise larger animal
related: 60% of imported American BEEF comes from Australia, Canada, and Brazil 🥩 #1267589Consumption doesn’t seem to be going up, which makes it look like it’s just the price rising even though demand isn’t.
I thought there was a lot of meat production in the United States, but from what I read, that's not the case.
There’s a lot of beef being produced in the US.
https://ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=111038
2020 was a very difficult year
are you a cowboy?
I was just commenting on this! Thanks
@Signal312 this and other factors have caused meat prices to skyrocket.