Global uncertainty continues to have an effect on U.S. beef markets, as do domestic issues including inflation, weather and input costs, according to Brett Stuart, president of Global AgriTrends.
“In the U.S, inflation is the problem, and spending doesn’t fix it. If we look back in the 1970s, we will see that — and by 1981, inflation rates started to increase, which led to the problems we had in the 1980s,” Stuart says. “This can be seen right now, too. In January 2020, interest rates were fairly low, and then we saw the Federal Reserve approve the first interest rate hike in…
