Derrell Peel
Coverage of Derrell Peel in the Nexus archive.
- Record beef prices are minting fortunes for ranchers—but straining the American farmers who fatten their cattle
Beef prices have surged due to record high demand coupled with a severe shortage of cattle supply, which is the smallest since 1951. Cow-calf ranchers are benefiting significantly from these tight supplies by hiking feeder calf prices, while other sectors like feedlot farmers struggle with slimming margins and rising input costs. The low inventory is attributed to factors such as severe droughts and the spread of flesh-eating screwworms limiting imports.
- The unexpected force keeping beef prices high and why the pressure could last for years
Beef prices are expected to remain high due to a decline in the US cattle herd, which has fallen to its smallest size in 75 years. The decline is attributed to drought, rising feed costs, and an aging ranching workforce. Economists warn that the pressure could last for years.
- The unexpected force keeping beef prices high and why the pressure could last for years
Beef prices are expected to remain high due to a decline in the US cattle herd, caused by drought and rising feed costs. The herd has fallen to its smallest size in 75 years, and rebuilding it will take several years. This situation is exacerbated by the highly concentrated US beef industry.