Beef prices set to rise further
The thesis presented was that historically low cattle herd sizes and high feed costs will keep beef prices elevated and rising faster than general inflation.
The argument
Speakers argued that drought, high fuel, and expensive fertilizer have forced producers to shrink their herds. Furthermore, high grain prices and a two-year biological lag for raising calves are discouraging farmers from expanding supply despite strong consumer demand for red meat.
The thesis, stress-tested
✓ What validates it
- ✓USDA reports further declines in the national beef cow herd size
- ✓Upcoming USDA reports show beef prices rising another 10% as forecasted
▸ Risks discussed
- ▸A sudden drop in consumer demand for premium red meat due to economic pressure
- ▸A significant decline in corn and soybean prices lowering feed costs
Hear it yourself
"All of those are lessons that we we should go study at moments like this. History matters. History matters. Austin Goolsby, the 7th District of the Federal Reserve is where he's calling home. He's the CEO of the of all districts. The the greatest of all districts. Fair enough. Austin, thanks for your time. I appreciate it. Thank you, Kai. No offense to the other 12, obviously. Wall Street, to start the week, live by the capital markets, suffer by him too, ticker symbol SPCX, off another 16%. Today, SpaceX just about right back to where it was when it went public."
AFFILIATE LINK · ZORTIX MAY EARN A COMMISSION · NEVER A RECOMMENDATION TO TRADE