Beef Pricing Update & Sausage
Beef Pricing Update – Beef prices continue to increase and hit a new All-Time high AGAIN last week. This week, the Chief Production Officer (CPO) for JBS Meats (one of the four largest beef packers) stated that prices will remain high for at least the next two years. His rationale was the low cow herd numbers, little to no indication farmers/ranchers are retaining females to grow their herds (at these high prices they are taking the money now while it is there); when females are being retained it will take over 2.5 years before a calf will be ready for harvest (9-month gestation + about 24 months old at harvest). Lastly, consumer demand remains strong.


