Want to make producers better off? Squishy facts, alarmist narratives and politicians won’t get it done. Instead, the path to prosperity follows real data, critical thinking, and free enterprise.
What happens when we assign the “Monty Hall Problem” to our decision-making process for the beef industry? The difference being we know what’s behind each door, but will we choose correctly?
Last week’s cash market topped $150! It’s a timely opportunity to review the need for regulatory intervention into the cash market (i.e. the Cattle Price Discovery and Transparency Act of 2022).
There are huge differences in the value of carcasses as determined by USDA quality grades that result in enormous opportunities for cattlemen. It’s a direct result of industry focus on consumer demand for quality beef.
Today’s consumers are not satisfied paying higher prices for commodity beef, research shows. Instead, they have opted to trade up to premium beef products.
America’s dairy industry has been robust the last several decades. Now, larger average dairies are producing more beef-dairy crossbred calves that are much higher quality for producing beef.
A lot has changed since the last drought-induced beef cow liquidation a decade ago. Recognizing those changes is important going into and coming out of the cycle lows.
