> ranchers have an incentive to sell off their cattle now to capture those soaring profits This part seems like the main part of the article. They're looking

> ranchers have an incentive to sell off their cattle now to capture those soaring profits This part seems like the main part of the article. They're looking at huge sales returns and relatively low feed costs that just dropped a bunch (since 2022-2023 highs) and want to rake in the money. Pretty much that economist quote "'Do I sell that animal now and take this record high check?' 'do I keep her to realize her returns over her productive life when she’s having calves?’ 'so far the side that’s been winning is to sell her and get the check.'" Personally, wonder whether they're actually going to bother with more herd. The low prices possibly incentivize selling high cost cows at low feed prices and raking in as much as they can before the prices go down. And it all seems nonsensical, since cattle herds have been going down in size pretty much continuously since 2000 [1] while prices have been going up almost continuously except for 2015-2020 [2] (which is notably when herd sizes actually went UP). So when prices go down, herd sizes go up. People don't try have have more cows to make more money, they just sell the cows now. [1] https://www.nass.usda.gov/Newsroom/2025/07-25-2025.php https://www.nass.usda.gov/Newsroom/2025/07-25-2025.php [2] https://finance.yahoo.com/quote/LE%3DF/ https://finance.yahoo.com/quote/LE%3DF/ Admittedly, the food thing generally is kind of BS anyways about the drought and otherwise. The drought was probably an issue (prices went up during 2022-2023), yet Hay is still pretty much on the same linear trend it's been on since 1970. [3] Alfalfa Hay also went up locally in 2022-2023, yet dropped back to normal trends relatively quickly after (basically almost the same linear up since 1970). [4] It matters, it just doesn't seem to matter that much. [3] https://fred.stlouisfed.org/series/WPU0181 https://fred.stlouisfed.org/series/WPU0181 [4] https://fred.stlouisfed.org/series/WPU01810101 https://fred.stlouisfed.org/series/WPU01810101 Cattle sales prices keep rising, farmers keep selling, rather than betting on long-term elevated prices and large herd sales. EDIT: Consideration after, think it all seems nonsense, cause if this was gambling, then usually the response would be to double down, add more money, or similar if a player was raking in money at the table. If the table turned against them, and they got poor returns, then usually they'd walk away, or find a different table. Instead, they're "winning" and getting huge sales prices, so they ... have less cows?