voidstaresback on Nostr: Crazy things happening in ag right now: 1. Winter wheat out west is fucking toast- ...
Crazy things happening in ag right now:
1. Winter wheat out west is fucking toast- drought killed it,
2. the national cattle herd is as low as it’s been since the 60’s, ranchers are selling off heifers so it’s not coming back soon. Too expensive to truck in hay all the grass is dead.
3. Meat Packers are hinting they may shut down old facilities which could take beef supplies down by 5% or more sky rocketing beef prices, but obliterating the fats market. All those cattle ranchers are selling won’t have anywhere to go.
4. Wholesale egg prices drop from $5.00+ per dozen to below $0.97 a few weeks of this can be managed, but a month and we will see the little guys selling out…
5. Equipment prices up, input prices up, and a big part of the country is low on water.
1. Winter wheat out west is fucking toast- drought killed it,
2. the national cattle herd is as low as it’s been since the 60’s, ranchers are selling off heifers so it’s not coming back soon. Too expensive to truck in hay all the grass is dead.
3. Meat Packers are hinting they may shut down old facilities which could take beef supplies down by 5% or more sky rocketing beef prices, but obliterating the fats market. All those cattle ranchers are selling won’t have anywhere to go.
4. Wholesale egg prices drop from $5.00+ per dozen to below $0.97 a few weeks of this can be managed, but a month and we will see the little guys selling out…
5. Equipment prices up, input prices up, and a big part of the country is low on water.