A Shot of AG
Why Beef Prices Stay High
Clip: Season 6 Episode 33 | 1m 30sVideo has Closed Captions
Steve Lucie explains why rebuilding the cattle supply takes much longer than eggs or poultry.
Steve Lucie explains why high beef prices do not necessarily mean ranchers are pocketing huge profits. Years of difficult markets, drought and shrinking cattle numbers pushed producers out of the business. Unlike poultry, cattle herds cannot be rebuilt quickly, and Lucie says historically high prices for breeding stock show just how tight the supply remains.
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A Shot of AG is a local public television program presented by WTVP
A Shot of AG
Why Beef Prices Stay High
Clip: Season 6 Episode 33 | 1m 30sVideo has Closed Captions
Steve Lucie explains why high beef prices do not necessarily mean ranchers are pocketing huge profits. Years of difficult markets, drought and shrinking cattle numbers pushed producers out of the business. Unlike poultry, cattle herds cannot be rebuilt quickly, and Lucie says historically high prices for breeding stock show just how tight the supply remains.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipPeople think the price of beef is super high and it's so terribly high in the stores, but still the rancher, he's not getting all that money.
You know how it is, the middlemen gets a lot, the packers, there's a lot of talk about the big four packers and they get their cut, but we're doing better than we have in a lot of years.
But we needed to because we lost so many ranchers, and that's why beef is high.
We lost too many of them due to, you know, prices not being viable to make a profit, droughts, all kinds of things.
- So one of the things that was used as kind of a marker was eggs, right?
- You had eggs, the inflation took off them and then they've quickly come.
And I don't know the numbers off the top of my head, but I mean, they went from worth a lot to now they're not worth much.
But a chicken, much different animal than beef.
It takes longer, harder.
Is there any other aspects that it'll keep the beef higher for longer?
- Well, so yeah, they rebuild that chicken herd like overnight, right?
I mean, and that happened.
So then they got an influx of eggs.
So supply and demand that worked.
In the cattle market right now, I've seen guys paying $6,500 for a cow and a calf, for a pair.
Which traditionally, you know, years ago, if you're given $1,500 or $2,000, that's a lot.
So there's not that many cattle out there.
And that's why the price is so high, even for breeding stock.
Designing a Cattle Brand From Scratch
Video has Closed Captions
Clip: S6 Ep33 | 1m 7s | Steve Lucie explains how he designed, welded and registered his own cattle brand. (1m 7s)
Why Horses Became Part of the Lucie Family Farm
Video has Closed Captions
Clip: S6 Ep33 | 1m 3s | Steve Lucie shares how his wife’s equestrian heritage brought horses into farm life. (1m 3s)
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