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Go on then (sh.itjust.works)

submitted 4 days ago by StarvingMartist@sh.itjust.works to c/simpsonsshitposting@sh.itjust.works

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[–] FragrantGarden@lemmy.today 14 points 4 days ago (2 children)

Not the most fair comparison. Cattle herd is smallest it's been in 60+ years and prices haven't gone high enough to reduce demand enough that the herd can rebound yet. You'll see higher beef prices for another 2 years before things calm down again.

[–] aow@sh.itjust.works 10 points 4 days ago

Cattle numbers are definitely down, but monopolization of ranching has been carrying on at a pretty good clip as well. I think it's a safe bet that the new point of equilibrium they find will still be more expensive, even inflation adjusted. There's a similar trend across most agribusiness that I've seen, especially with farms going out of business in droves because of the pandemic.

[–] Lumisal@lemmy.world 9 points 4 days ago

Cattle numbers are also down because of Trump btw. Long term effect from his 1st presidency + his current policies helped the screw worm flies get through Panama.