Nalivka: The Key to Record Beef Prices

ZISK
22 hours ago
1 min read

The USDA released its plan Wednesday to “fortify the American beef industry.” The plan is based on “strengthening ranches, rebuilding capacity, and lowering costs for consumers.”

Wow! Where do I begin in my assessment? I do know that any response does not require 25 pages of text. If I boiled it down to my initial reaction, the first statement I will make is the beef industry, and specifically the ranching sector, does not need a government plan to make the market work.

The market is working. That is why we have record-high prices and the most profitable year on record (at least for the cow-calf operating margin that I calculate goes back to 1972).

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