Tuesday, November 22, 2022

"1000s Of Cattle Are Disappearing From The US Food Supply Chain As Global Starvation Plan Accelerates"

Full screen recommended.
"1000s Of Cattle Are Disappearing From The US Food
 Supply Chain As Global Starvation Plan Accelerates"
by Epic Economist

"Don’t you think that’s strange that thousands upon thousands of cattle heads are simply vanishing from our food supply chains every week? Ranchers are warning America that a meat recession is coming as our beef cattle herd continues to shrink by large numbers. A major sell-off this summer led to the liquidation of countless livestock herds, but the mass slaughter hasn’t stopped during the fall, and it is in fact, at historical highs for this time of the year. Now, farmers are telling us that it will take years for supplies to come back to normal levels, and this means we will have to get used to paying much more expensive prices for meat from now on. This situation is triggering widespread alarm across the food industry, and in today’s video, we’re going to investigate what is driving the silent collapse of the largest agricultural industry in the United States.

A convergence of many disruptions has made farmers and ranchers deal with some of the toughest conditions for livestock raising in more than a decade, and they’re telling us that it will take several years to rebuild our national cattle production. In a recent publication to clients, meat distributor Good Ranchers warned that “a meat recession is knocking and supply is about to be tight” as the US cattle herd continues to decline. “The cattle herd has shrunk due to droughts,” Good Ranchers wrote. “Our total meat supply for the coming year is down significantly. This is one of the main reasons a meat recession is coming.”

Many other factors are also contributing to this crunch. The truth is that way before ranchers witnessed the worst drought and the most intense heatwaves in over a century during the summer, the U.S. beef cattle herd has been decreasing. The National Agricultural Statistics Service reported that as of January 1, 2022, the herd was down by 2.6 million cattle head compared to the same period a year earlier. In April, way before scorching temperatures started to dry up water reserves and burn grass, Northstar Commodity market analyst Mark Schultz revealed that cow liquidation was about 9% to 9.5% higher than a year prior, and that meant that the daily cattle slaughter was at 126,000 - to 128,000-head range.

In the summer months, things have gotten exponentially worse. With drought impacting the vast majority of U.S. farmland, and particularly affecting Texas ranchers, an unprecedented selloff started to take place due to the lack of water, high feed prices, and financial pressures weighing on farmers and ranchers. By July 1, the volume of cattle going to auction was up about 20% from the same time in 2021, and the proportion of the animals over 600 pounds was way below normal.

In other words, our meat supply will keep going down, and we’re not rebuilding production at the same pace as we’re consuming those supplies, and that’s worrying food industry executives who have been warning about worsening food shortages for months. The mass slaughter shows no sign of slowing in November, and with that extraordinary level of liquidation, price pressures are likely to keep meat off the table of many Americans. Sadly, even though we’re one of the world’s largest meat producers, millions of Americans won’t be able to access the goods we produce in our country. The cost of food is becoming way too unaffordable for many households out there, and if you thought 2022 was a hard year for your finances, brace for more pain in 2023 because these are just the first few chapters of this horrifying crisis."
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