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  • Pastor Hal Mayer

    Speaker / Director

Oklahoma Ranchers Predict Beef to Rise to $50 per Pound

Friday August 19th, 2022
Print This Post Print This Post

Z94, by Kelso: I don’t know about you but my average grocery bill has just about doubled in the last year. I’m not eating more of or higher priced meals, it’s just the normal response to inflation. As fuel rises, the price of everything else does the same… but inflation isn’t what Oklahoma’s ranchers fear for the future of their industry. It’s the drought.

The whole state of Oklahoma is currently classified in a state of drought. Some areas are considered “abnormally dry” while others are listed as experiencing “extreme” drought status, but that’s not painting the full picture that is happening across the entire beef industry right now.

During periods of past drought, it hasn’t historically been a widespread occurrence. It’s usually one region or another suffering from dry conditions, and the other regions have been able to support those in need.

For example, during Oklahoma’s last deep drought, about a decade ago; the dry conditions were mostly limited to parts of Texas, Oklahoma, Kansas, and Nebraska. The Heartland as people tend to call it. Producers out east, west, and north were able to produce the hay and feed products to keep our beef industry chooching at a premium price. That’s not the case during this drought.

This drought isn’t currently limited to Oklahoma and a handful of other states… It’s almost the entire western half of the country, and the pain we’re feeling now in the store is nothing compared to what ranchers are warning us of.

At the present moment, a bale of hay costs roughly twice as much as it did during last year’s rain-adequate growing season. The same can be said for feed thanks to the high fuel costs for transport. Can you see where this is going yet?

If it cost $200 to feed and raise a cow in 2021 to a market value of $600, imagine what the value will have to be when 2022’s herds hit the same market seeking the same profit margin. If it costs $400 to feed and raise that same cow, it’ll need to fetch a finished price in a fair comparison because each farm and ranch in America is a small business that must profit to survive or cease to exist.

Thanks to the unending economic symptoms of the pandemic and 2022’s inflation double-punch, average beef prices are currently about twice what they were in 2019. Add in the deepening widespread drought, a shortage of hay and feed, skyrocketing prices, transport costs, and various other metrics, some Southwest Oklahoma beef producers suggest cheap ground beef could eventually top $50 per pound.

Even worse, while beef is the topic because Oklahoma is a beef-producing state, the same trend is happening to other raised proteins at the moment too. The answer won’t be “We’ll just switch to chicken.” Those prices are steadily climbing too, and let’s not get depressed together thinking about bacon and pork loin.

Between the current inflation and the weather, we could be headed towards another Dust Bowl and Great Depression: Part Deux.

I know, I know… That’s an extreme outlook and quite the conclusion to jump to, but it’s not unreasonable. Let’s hope white people taco night won’t become a thing of the past.

Our Comments:
Drought is a sign of the last days.

Prophetic Link:
“We are amid the perils of the last days, and trying times are before us. Everything that can be shaken will be shaken, that those things that cannot be shaken may remain. Drought, famine, pestilence, earthquakes, casualties by sea and land, will multiply. Life will be unsafe anywhere, only as the life is hid with Christ in God. Now, while the angels are holding the four winds, is our opportunity to seek the Lord most earnestly.” Letters and Manuscripts — Volume 18, Letter 113, 1893, par. 19.


Source References

  • Oklahoma Ranchers Predict Beef to Rise to $50 per Pound

Prophetic Intelligence Briefings are provided to show a link between current events and Bible prophecy only. The reposted articles, which are not intended as a commentary in support of or in opposition to the views of the authors, do not necessarily reflect the views of Pastor Mayer or of Keep the Faith other than to point out the prophetic link.

Comments

    • Kevin

      Friday August 19th, 2022 at 05:07 PM
    • Reply

    I know it’s dry. But how stupid to say ground beef could be$50 a pound. Not even Donald Trump will pay $50 for a pound of hamburger.


    • Andi

      Saturday August 20th, 2022 at 01:57 PM
    • Reply

    The people will start eating more deer. That will control the deer population, that have been a great trouble to plants everywhere. I am seeing more deer meat in the supermarket and I even saw bison advertised in the supermarket recently.


    • Bud Godfriaux

      Sunday August 21st, 2022 at 11:02 AM
    • Reply

    ‘white people taco night’….is that a typo???


    • BRIAN D EDWARDS

      Monday August 22nd, 2022 at 12:57 PM
    • Reply

    What is up with this line?!?!….”Let’s hope white people taco night won’t become a thing of the past”


    • Nabcy

      Sunday September 18th, 2022 at 11:59 AM
    • Reply

    Yes i think they meant white meat taco night



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