Trump has absolutely nothing to do with the price of been - hwere is thee reality:
Had any of you ever taken business classes you would be aware of what is referred to as to Supply and demand:
"Supply and demand are fundamental economic concepts describing the relationship between the availability of goods or services and consumers' desire for them. Supply refers to the amount of goods or services producers are willing to offer at various prices, while demand refers to the amount consumers are willing to purchase at those prices."
FYI: Beef prices are high due to a combination of factors impacting both supply and demand within the cattle and beef industry.
1. Reduced Cattle Supply:
Drought: Persistent drought conditions in key cattle-producing regions have led to reduced pasture quality and higher feed costs, causing ranchers to decrease herd sizes.
Herd Liquidation: Years of drought and high feed costs have forced ranchers to sell off cattle, reducing the overall breeding stock and leading to a smaller calf crop.
Cattle Cycle: The natural cattle cycle involves periods of herd expansion and contraction, and the industry is currently experiencing a period of contraction, according to the Economic Research Service (ERS).
2. Rising Production Costs:
Feed Costs: The price of feed grains like corn and soybeans, which are crucial for cattle feed, has increased due to factors like drought and global demand, impacting the cost of raising cattle.
Input Costs: Overall production costs, including labor, energy, and transportation, have also increased, adding to the financial burden on ranchers and processors.
3. Strong Consumer Demand:
Consistent Demand: Despite higher prices, consumer demand for beef remains strong, especially for premium cuts, keeping prices elevated.
Grilling Season: Demand typically increases during grilling season, further supporting higher prices.
4. Trade Dynamics:
Tariffs: New tariffs on imported beef from certain countries can increase the cost of imported beef, potentially impacting domestic prices, according to NerdWallet.
Exports: Changes in export markets and trade policies can also influence beef availability and prices in the US.
In summary, a combination of a smaller cattle herd, higher production costs, strong consumer demand, and trade factors have contributed to elevated beef prices.
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