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Brazilian processor Marfrig Global Foods SA warned the US cattle herd will continue shrinking through the midpoint of the decade. Less supplies will pressure meatpackers and keep the prices of steak and hamburgers at elevated levels.
During a conference call, Tim Klein, the head of Marfrig's North American operation, explained the availability of fattened animals for meatpackers to slaughter and process should trough between 2025 and 2026. He said this is because ranchers have not yet started keeping cows for breeding.
As we've noted, years of drought and high feed costs forced ranchers across the Midwest to send the cows to slaughterhouses, leading to a sharp reduction in the nation's overall herd size. In January, the beef cow herd size was the smallest since 1962.
Also, US beef exports are forecasted to slide 14% this year from 2022 to 3 billion pounds, the lowest since the early days of the Covid pandemic when plant closures crushed meatpackers. The USDA warned US beef production is expected to decline further next year.
Last week, Pete Bonds, a Texas-based cattle producer, told Reuters, "The future of this industry is not here in the United States."
NET ZERO - Chevron to close in Scotland.
75% tax rate on North Sea oil and gas has made it impossible for companies to stay. Chevron’s exit ends 50+ years of investment, jobs, and energy security, all sacrificed on the altar of “net zero”.
All net zero really means is job losses, economic decline, and national self-sabotage 💣
https://x.com/Artemisfornow/status/1940296999548399864?t=QwPS6rb0EVypHijzUAp6ig&s=19
A11pl3Z
A mysterious visitor from another star is getting close
A giant interstellar object named #A11pl3Z is speeding toward our Sun from deep space.
It’s not from our solar system, its strange path proves that. Around 20 km wide, it's far bigger than the earlier visitors like #Oumuamua.
It's moving at nearly 68 km/s and will pass near Mars and the Sun later this year. Scientists still don’t know if it’s a comet or asteroid, but it could carry clues from another star system.
https://x.com/SpaceMechanicsY/status/1940501810428752343?t=dL00HmgXVSZkAY574EEncw&s=19
A new third interstellar visitor -probably an asteroid- A11pl3Z has been discovered on July 1.
It has a high eccentric hyperbolic orbit (65km/sec speed) & size 20km. Its perihelion will be on October 29, 2025.
GIF: K Ly/Deep Random Survey, Chile
🧵What if ʻOumuamua was just step one... and A11pl3Z is the follow-up?
Back in 2017, something strange flew through our solar system.
It didn’t stop or orbit, it just passed through.
Let's discuss 'the Mothership theory'👇
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