The Huffington Post has an interesting article about fast food restaurants such as McDonalds and Hardee’s/Carl’s Jr. are taking beef off of their dollar menus due to it’s current high cost. Buried deep in the article was this tidbit:
Part of the problem stems from protein producers’ plans to cut back on production in the next year to avoid paying more for animal feed, which has been a huge weight on profits as the cost of corn has skyrocket. Beef producers cut supply by slaughtering more animals, which sends more product to market initially but reduces the size of herds to lower future inventory levels. Chicken producers, meanwhile, set fewer eggs to hatch.
Pricing of beef and veal has gone up 19% since last year putting a crunch on both restaurants and producers. Sounds like our tanking economy may actually work in favor of farm animals. You can read the full article here.