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So you post a 9 month old article, and think a grocery store chain saying there are less cattle being slaughtered. Duh Is the price of corn a significant factor in that decline.....well that depends. The reduction is mostly based on loss of affordable grass as a less expensive alternative to corn. Also, place value has changed how farmers who historically raised cattle not are near enough to a refinery to get high prices for their corn and low transportation costs which make the labor intensive cattle operations much less profitable than simple direct grain sales to those refineries at much higher prices.
If there was an abundance of grass, despite the price of corn, there would have been a significant increase in beef supplies. The droughts and lack of cheaper alternatives for farmers to raise beef have constricted the market, but also that beef demand is definitely in the world market as developing countries are getting more of American Agriculture products which demand drives prices as well as supply.
If there was an abundance of grass, despite the price of corn, there would have been a significant increase in beef supplies. The droughts and lack of cheaper alternatives for farmers to raise beef have constricted the market, but also that beef demand is definitely in the world market as developing countries are getting more of American Agriculture products which demand drives prices as well as supply.
