The beef prices are not falling they are going up. The average price for a 1200 pound steer or heifer is $1.26 per pound equaling $1,512.00 finished.
The cow herds still exist & have been sold off to other buyers in other parts of the U.S.A or foreign countries. Don't know of a shortage as yet. When fall comes the number of weaned calves may not be a valuable as last Falls due to the lack of corn. There are other grains that can be fed to beef cattle to fatten them but it would probably take longer time to get the gains on them.
All this can cause a rise in prices for the consumer & some brainstorming for the farmer as what would be the best decision sell them as calves get what you can for them & let someone else finish them out or finish them out yourself. This can make or break for a farmer.
Most farmers had federal crop insurance which means they will be paid for their crop failure & the money will be used to buy fuel, seed, & fertilizer to plant again next year.
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