Posted by 1130Leo on August 28, 2014 at 09:50:40 from (12.188.165.254):
In Reply to: Re: Price of beef posted by Mike (WA) on August 28, 2014 at 09:23:36:
There is a huge lack of supply right now, which is the reason for the prices. Remember those droughts in Texas and other southern states for the last couple of years?? The extra supply of beef on the market then has now dried up, and during the drought, the ranchers did not have feed to re-build their herds. Now they are rebuilding, but there is not much in the way of supply. Buying cattle right now would be a big mistake, price is way too high. However if you happen to have any ready to sell, sell them now, you will get a great check for them.
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