Hopefully the call comes sooner than later, too. We’re out of steaks and running low on hamburger and roast. I might actually have to cook the beef liver I haven’t exchanged for catfish yet. Soon the freezer will be fully stocked with all of that plus a couple of briskets, some flank steak for fajitas and short ribs for braising on a chilly Sunday afternoon.
I’m looking forward to filling the freezer, but I’m not especially excited to get the bill this year. The processing fee shouldn’t be too bad, but the rancher’s cut for half a steer will be substantially more this year. This is one transaction that’s non-negotiable for me. The rancher knows the value of the steer, even in times where the number is not much higher than breakeven.
Beef eaters have had a couple of years with decent prices. Now we’re going to see the other side of the market because drought has culled the cattle herd to its lowest level in about a decade. Provided demand doesn’t fall off too much, fewer cattle means less beef at higher prices.
The contraction didn’t start overnight, and it won’t end quickly.
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