News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
I don't know anything about the specifics here, but here's a 5 year graph of futures for live cattle versus beef:
https://tradingeconomics.com/commodity/live-cattle
If there's collusion to engage in price-fixing by meat packers, I'd expect to see beef prices rising without a corresponding increase in cattle prices.
Beef prices did indeed recently start rising rapidly without a corresponding increase in live cattle prices.
But on the other hand, beef prices are also a lot lower relative to live cattle prices than they were during roughly COVID-19.
TBF things look pretty different if you go back to 2015 like McDonald's is alleging.
EDIT: To me, it really looks like COVID was the big factor impacting price though.
COVID wasn't the only factor. What people don't remember because of all the other crazy shit that happened was that we had a 3 year drought.
Prices still haven't stabilized because it's expensive to buy cattle right now. Prices will likely be in the shitter for another 1.5-2 years, and I'm not sure they'll ever really come down in a way people notice.
Cattle retention has not even begun yet, you're absolutely correct. There will be 2+ more years of higher beef prices, we're still slaughtering more than are being born therefore cattle prices will continue to rise on a macro level.
I actually didn't realize that. I was thinking we were coming to an end because my buddy's ranch seems to have mostly recovered and he's got more cattle now than he had a few years ago. But I guess I should look at the wider market instead of a single place if I'm going to comment about things.