2 ms·
> First feed prices go up, No, thats not what the data says: Corn: https://fred.stlouisfed.org/series/WPS012202 https://fred.stlouisfed.org/series/WPS012202 S
by zer00eyz 1y ago
> First feed prices go up,
No, thats not what the data says:
Corn: https://fred.stlouisfed.org/series/WPS012202 https://fred.stlouisfed.org/series/WPS012202
Soy: https://fred.stlouisfed.org/series/PSOYBUSDM https://fred.stlouisfed.org/series/PSOYBUSDM
Both the major inputs to cattle feed are flat, and thats in the face of:
Fertilizer is up: https://fred.stlouisfed.org/series/WPU0652026A https://fred.stlouisfed.org/series/WPU0652026A
Gas (delivered, by pipe, and were burning this off still so no reason for the price to go up this high) https://fred.stlouisfed.org/series/APU000072620 https://fred.stlouisfed.org/series/APU000072620
- disgruntledphd2 1y agoYou're talking about the US experience, things were very different in Europe (where I'm from). The energy shock was much bigger over here. \ And even your corn link shows a 3.5x increase from 2020 to 2022, which, by definition will increase cattle prices, all other things being equal.