Herd liquidation due to drought.
Thank you! I thought it must’ve been some kind of discrete situation rather than inflation’s effects.
Hi Gary, do you know what all is included in the livestock index?
Actually, I just discovered that it exists this morning. So no, I have not looked into it. A search on it would probably yield some info.
Gary, I raise hogs, and hogs are in the middle of their range. Mainly because of cattle is my guess. And I can assure you it isn’t becaus of the boogey man called “Factory Farms”.
I am just part of the public, with regards to that boogeyman. I have no inside knowledge whatsoever about the industry. If anything, I’d guess that the factory farms would tend to keep prices down. A previous commenter mentioned that a drought is causing the price spike. Does that sound about right?
Yes, Think the drought in the plains caused cattle herd liquidation. So now less of a supply. I am not an expert by no means.
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