Making Money Minute with Ron Hiebert - Beef Prices

If you have bought steaks recently for a summer barbecue, you probably got sticker shock at the cash register. The number of cattle in this country has fallen in recent years. Ranchers, have faced rising costs due to increased feed prices, and drought conditions. Because it hasn’t been financially lucrative to raise beef, ranchers have let their herds dwindle down to their lowest level since 1987. But the cattle cycle, which runs 12 years trough to trough, looks like it could be bottoming. It might take a few years, but as supply increases, prices should start coming down again

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