WASHINGTON, D.C. (RFD-TV) — High beef prices at the grocery store do not necessarily mean bigger profits for cattle producers.
The Farm Bureau says rising feed and fuel costs are squeezing cattle producers’ profits, with processing, transportation and retail expenses adding to the price consumers pay. Despite those higher prices, producers have little control over their own earnings.
A recent survey suggests consumers are more likely to blame tariffs and large corporations than farmers for high food prices.
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Growing consumer demand has helped increase both export volume and value over the past year.
The order aims to speed up grazing permits and restore suspended allotments for ranchers.
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Some smaller feedlots are already empty as operators struggle with limited cattle availability.
Tight cattle supplies could leave some winter wheat fields harvested for grain rather than grazed.
Jacob Steph with Specialty Risk Insurance recommends reviewing equipment coverage options, updating property values to reflect today’s rebuilding costs, and reassessing livestock coverage as cattle values change.
