It is August 2022, the US food supply chain is in a crisis right now. Much of this has to do with a number of factors:
- We are still rebounding from the Covid 19 Pandemic
- Massive drought in food producing areas in the US
- Skyrocketing fertilizer prices
- Over worked food supply chains that are beginning to buckle
These things are facts and already we are seeing a crisis reflected on grocery store shelves and rising prices taking place right now.
I read the following in Barron’s…
“None of the ranchers I know want to get out, but they have to,” Slatter says of the livestock liquidation. “Everybody is selling because they can’t feed them, and no one is buying the cows to raise.” That suggests more meat and lower prices in the near term.
The Texas Farm Bureau said in a report this past week that with much of the current breeding herd going to processing plants, calf numbers will fall in years ahead.
Source – https://www.barrons.com/articles/drought-inflation-food-supply-solar-farms-51658513841
Just think about this folks, if everyone sells out of cattle now, what are we going to do later on?
AND THAT… is my concern.
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