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Sunday, 29 January 2012 03:02

Beef Prices Expected To Rise As Cattle Herds Shrink

Written by  Dave Webb
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There is an interesting new market report out that says the number of cattle being raised in the US is shrinking, and is now probably the smallest in decades. You can see the article here. Below is an excerpt.

Chicago - A devastating drought, record feed costs and intensifying competition with cash crops for land are accelerating a five-year decline in the U.S. cattle herd, which is forecast to be the smallest in six decades as of Jan. 1.

The U.S. Department of Agriculture's bi-annual cattle inventory report on Friday, expected to show a 1.4 percent drop in cattle numbers from a year ago, may give cattle futures, already record high, another boost; drive meat prices to new highs and roil packers like Tyson Foods Inc.

With beef production down and prices going up, it makes more and more sense to buy in bulk and, if you can, raise your own animals. If you buy 1/2 beef at a time you can save a tremendous amount over regular retail prices and you have the satisfaction of knowing you have food in the freezer. We will provide future articles about places you can buy meat in bulk.

Many people are interested in hobby farms or small operations where they raise animals for their families and friends. We will also feature information on those options.

Last modified on Tuesday, 31 January 2012 05:31
Dave Webb

Dave Webb

Writer, photographer, fisherman, hiker, interested in self-reliant living.

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