The price of beef in the US has gone up by ~30% from 2015-present. According to reports, the price is not coming down soon, as there is a shortage of beef cattle due to drought.
So you're going to keep paying a lot for beef.
And you're probably going to pay even more!
... On that recent China trip, the Americans struck a trade deal, and now, according to an X post from Secretary of Agriculture Brooke Rollins, China will be importing the best beef in the world...[from the USA].
RedState is into Magical Thinking about this.
...The question is, how will this affect American beef prices, which are still nearly at pre-Trump, pre-trade-deal levels? Well, that remains to be seen, but if American ranchers start upping their production, as beef ranching becomes profitable again, then local supply should start increasing as well, which is good for American consumers. If the prices of our steaks and cheeseburgers come down accordingly, that's a significant feather in the Trump administration's cap. ...
Sure, sure. (Insert John Candy meme here).
Conditionals aside, the author seems to think that ranchers will up their production because beef ranching will be magically profitable. Uh-huh.
Cattle are in short supply because ranchers sold off stock that could not be fed. When there is a drought-induced shortage of feed, production cannot go up unless ranchers pay a whole lot of money for feed. When they pay more, the price of beef will rise.
This is Econ 101, a class that RedState (and Brooke Rollins, and Trump), flunked.
Apparently RedState--like Trump--doesn't really consider the US consumer as an important entity.
Is this what we voted for three times?
1 comment:
“Apparently RedState--like Trump--doesn't really consider the US consumer as an important entity.”
Shouldn’t Childers be informed so he can reevaluate his undying praise for Trump?
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