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Trump and Elizabeth Warren Share the Same Price Gouging Belief on Beef

A price gouging witch hunt is underway on food and fertilizer.

The DOJ Investigates the Price of Beef

Today, the Wall Street Journal reports the Justice Department Is Investigating Whether Beef Companies Engaged in Criminal Anticompetitive Conduct

The Justice Department’s antitrust division is investigating whether large meatpackers that supply American consumers engaged in criminal anticompetitive conduct, after President Trump called for a probe of the companies last year, according to people familiar with the matter.

Trump in November accused beef companies of manipulating prices for cattle they buy from ranchers and driving up prices for consumers. Criminal antitrust cases are typically reserved for allegations of price fixing, market collusion or competitors rigging their bids to customers.

In his call for an investigation, Trump blamed “majority foreign owned meatpackers.” A Justice Department spokeswoman declined to comment.

The probe follows a number of Trump administration initiatives aimed at tackling soaring beef prices, which have had little effect so far.

As part of the investigation, antitrust enforcers have looked into how beef companies buy cattle from ranchers through contracts that reference a pricing benchmark that some ranchers have complained is manipulated, one of the people said.

The Wall Street Journal reported on Friday that the department was preparing to file a civil antitrust lawsuit against some of the country’s biggest egg producers over allegations that they coordinated pricing through an information service that benchmarks prices for the industry.

Trump Administration Cracks Down on Foreign-Owned Meat Packing Cartels

Trump’s beef over beef started on November 7, 2025. with this White House announcement: Trump Administration Cracks Down on Foreign-Owned Meat Packing Cartels

It’s time to protect AMERICAN CONSUMERS.

Here’s what you need to know:

  • For too long, a handful of giant meat packers have squeezed America’s cattle producers, shrunk herds, and jacked up prices at the grocery store. By examining whether these companies have violated antitrust laws through coordinated pricing or capacity restrictions, this investigation will root out any illegal collusion, restore fair competition, and protect our food security.
  • The “Big Four” meat packers — JBS (Brazil), Cargill, Tyson Foods, and National Beef — currently dominate 85% of the U.S. beef processing market, up from just 36% in 1980. Two of these companies, including the largest meat packer in the world, are either foreign-owned or have significant foreign ownership and control.
  • Industry consolidation has crushed competition and hammered cattle producers. In the 1980s, the top four packers purchased one-third of all fed cattle; by the mid-1990s, that share exploded to over 80% and has only grown more concentrated since.
  • This has led to the exploitation of American consumers, farmers, and ranchers. In fact, mounting evidence shows this monopoly power has slashed payments to ranchers, reduced herd sizes, driven up consumer prices, and threatened America’s food supply chain.

President Trump will ALWAYS have the backs of our Great American Farmers.

Beef Herd Sizes

Beef herds in the U.S. have shrunk to 75-year lows, totaling 86.2 million head as of Jan. 1, 2026, driven primarily by persistent, severe drought conditions in the Great Plains and West that forced widespread liquidation.

High input costs, such as for feed and hay, coupled with the long-term, multi-year nature of cattle ranching, have made it difficult for producers to rebuild herds.

Beef Herd Size Key Factors

  • Persistent Drought: Dry conditions from 2020 to 2025 damaged pastureland, causing water shortages and lack of forage, forcing producers to sell cattle rather than keep them.
  • High Input Costs & Inflation: The rising cost of feed, hay, and operating expenses makes maintaining herd sizes unprofitable, reducing the ability to expand.
  • Liquidation & Slow Rebuilding: Ranchers previously sold off breeding herds (cows and heifers) due to drought. Rebuilding is slow because retaining heifers to grow the herd limits immediate income, and it takes roughly 30 months for a retained heifer to produce a calf that contributes to population growth.
  • Cattle Cycle Trends: The industry is in the contraction phase of the cattle cycle, which began in 2014. High interest rates have also hindered investment in expansion.

The American Farm Bureau Federation says “While some producers are beginning to consider restocking, the low number of beef cows means herd sizes are not expected to expand until at least 2028”

So, let’s blame the meat packers, grocery stores, and foreign interests for high beef prices.

Elizabeth Warren on Price Gouging

Trump took a page out of Elizabeth Warren’s playbook. Please consider this May 22,2024 Elizabeth Warren Press Release.

Opening Statement
U.S. Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy: Lowering Food Prices: Combatting Consolidation and Price Gouging
Wednesday, May 22, 2024

Warren: “(G)iant grocery stores and massive food conglomerates are ripping people off. And they can get away with it because there is not enough competition to keep them in check.”

This hearing will come to order.

The American people are angry about rising costs. And they are right to be angry – especially in the grocery aisle.

It’s infuriating to go to the store week after week and see that the pound of chicken breasts that cost $5 last week was marked up to $6 this week, or that loaf of bread that cost $2.99 last week now costs three and a half dollars.

It’s even more frustrating to open up a new box of cereal and think, ‘hm, I could have sworn there were a lot more Cheerios – and a lot less air – in this box the last time.’ Or to notice that a package of spaghetti that used to feed four or five people now only feeds three.

High grocery prices and shrinkflation hurt seniors on fixed incomes, college students struggling to get by, and working families across the country. That’s why we are holding today’s hearing.

Four big companies – Walmart, Costco, Kroger, and Ahold – the corporate behemoth behind Hannaford, Giant, FoodLion, and Stop & Shop – control over 70% of the grocery market in most major cities. 

Meanwhile, conglomerates hit small farmers by charging sky-high prices for fertilizer and seed and by locking farmers into unfair contracts that limit their ability to make a living off their land.

The facts are clear: Massive corporate profits are a big reason why grocery prices have gone up and stayed up. But policymakers don’t have to stand by and watch. We can do something about it. We can rein in these massive food companies and grocery stores and protect competition to lower food prices. And new polling from Data for Progress shows that nearly 70% of Americans – Republicans and Democrats – support the U.S. government doing more to regulate grocery stores and corporate food producers that raise prices to pad profits.

The Biden Administration recognized that early on and has taken major steps to fight Big Food, greedflation, and help American families.

Congress can help the administration do even more.

Grocery Store Net Margins

Kroger’s bottom-line net profit margin is typically 1–2% of sales after all expenses (labor, rent, utilities, etc.).

This is standard for the grocery industry, which operates on high volume and low per-item profit. Recent quarters have shown around 1.4–1.8%.

It would behoove Warren and Trump to understand that simple fact.

Having more store brands in the name of increasing competition would reduce economies of scale and increase prices.

Trump’s Investigation Into Fertilizer

Truth Social: I am watching fertilizer prices CLOSELY during our FIGHT FOR FREEDOM in Iran. The United States will not accept PRICE GOUGING from the fertilizer monopoly! American Farmers, we have your back! President DONALD J. TRUMP

Apr 11, 2026, 7:07 AM

Trump Administration Poised to Take on Fertilizer Giant

On April 14, 2026, FarmProgress reported Trump Administration Poised to Take on Fertilizer Giant.

The Trump administration appears ready to take on one of the world’s largest fertilizer manufacturers. 

On April 13, during a meeting with the North American Agricultural Journalists association in Washington, USDA Deputy Secretary Stephen Vaden called out fertilizer giant Mosaic for its April 8 decision to idle two plants in Brazil. Together, those facilities produce about 1 million metric tons of phosphate.

“What is one of the world’s largest producers of that commodity doing taking a million metric tons away from the world market?” Vaden asked. “What possible motivation other than further constricting supply, sowing uncertainty and already sufficient profit margins could they possibly have?”

Vaden’s remarks were the latest in a series of salvos the Trump administration has fired against large fertilizers companies. The Department of Justice is already pursuing an anti-trust case against major fertilizer producers, though few details of the case have been made public. This after DOJ and USDA signed a September memorandum of understanding to scrutinize competitive conditions in the agricultural marketplace.

U.S. Set to Use Tariff Funds to Address High Fertilizer Prices

Successful Farming reports U.S. Set to Use Tariff Funds to Address High Fertilizer Prices

Agri-Pulse’s Kim Chipman reported that “the Trump administration is poised to dip into tens of billions of dollars from tariffs and trade deal renegotiations to strengthen domestic fertilizer supplies, Agriculture Secretary Brooke Rollins told lawmakers.”

“‘We’ve got to invest in more infrastructure,’ Rollins said during a House Appropriations subcommittee budget hearing on Thursday. ‘We’ve got to reshore fertilizer back to America,’” Chipman reported. “Rollins said she hosted a 90-minute meeting on Wednesday with executives of four top fertilizer companies and Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and National Economic Council Director Kevin Hassett.”

FarmWeekNow’s Tammie Sloup reported that “Rollins projected fertilizer costs would go back down after the war ends, but the federal government is working with fertilizer companies in the meantime to help address cost challenges. She also pointed to the Trump administration’s 60-day waiver on enforcement of the Jones Act, which requires vessels transporting goods between U.S. ports to be U.S. built and owned, as well as allowing more Venezuelan fertilizer to be imported into the U.S.”

“She emphasized a handful of companies have ‘basically taken over the market in all of the inputs,’ resulting in a lack of competition,” Sloup reported.

Rollins added she’s on the phone daily with other fertilizer companies from around the country.”

“‘USDA has identified some funding to begin investing, to move some more fertilizer out more quickly. So we are on it, but I don’t want to over promise. These prices will not come down anytime in the next couple of days or weeks. It may take us a couple months to get them back down, but we’re working on it,’ she said,” according to Sloup’s reporting.

The Fertilizer-Strait Connection

Approximately one-third (roughly 30–34%) of the world’s seaborne fertilizer supply passes through the Strait of Hormuz.

As a critical chokepoint, this route carries significant amounts of nitrogen-based fertilizers, with nearly half of the world’s urea passing through the region. Disruptions here, often tied to regional conflict, cause major global fertilizer shortages and price spikes.

The Fertilizer-Canada Connection

Canada produces approximately 12% of the world’s total fertilizer supply. As a global leader, Canada is the top producer and exporter of potash, controlling over 40% of global reserves and exporting 95% of its produced potash, largely supplying the United States. 

  • Potash Production: Canada is the number one producer of potash globally, with production increasing to over 30 million tonnes annually.
  • Global Impact: Canadian fertilizer supports half of the world’s food production through its supply of nitrogen and potassium.
  • Export Reliance: The Canadian industry exports to over 75 countries, representing a vital part of global agricultural input supplies.
  • Production Breakdown: The industry accounts for 12% of the global fertilizer supply, but produces roughly 45% of the world’s potash reserves and ~40% of global potash production. 

Mish’s Proposed Action Plan for Trump

  • Invade Brazil to force it to produce fertilizer at prices we dictate
  • Invade Canada and takeover their potash production and hydroelectric power.
  • Invade Australia and Argentina and take over their beef herds.
  • Bust up the meat packers. The goal is to have hundreds of meat packers. Clearly, 500 meat packers would be more efficient than five.
  • Announce new bipartisan legislation written by Elizabeth Warren to address high prices
  • Increase tariffs on fertilizers so we can make them here. Model the plan on the proven success of aluminum tariffs.
  • Use the tariff money the Supreme Court says we have to refund and instead give it to farmers. Who needs the Supreme Court anyway?
  • Pay farmers subsidies to increase herd sizes. Pay for this item by eliminating food stamps.
  • Damn the Grand Canyon and fill it to the brim so we have free cheap water for our farmers.

Mish’s Radical Alternate Plan

  • Eliminate tariffs on fertilizer, aluminum, beef, etc.
  • Don’t start stupid wars. But if you accidentally do, then don’t set ridiculous terms to end the war that the other side can never accept.
  • Don’t invade meat packing plants looking for immigrants to deport. This forces up labor costs and end prices.
  • Don’t make stupid promises about lowering gasoline and energy prices by 50 percent.
  • Stop making threats on allies so they will again start coperating with us.
  • Work with Canada and Mexico to produce rare earth minerals that we need, eliminating dependence on China.
  • Take advantage of Canada’s cheep hydroelectric power advantage and import more Canadian aluminum.

Clearly my radical plan is just too radical for anyone to see the merits of it.

So, while everyone is focused on the War in Iran, I propose a sneak attack on Brazil, Canada, Argentina, and Australia starting tomorrow.

Trump should demand that NATO cooperate with us on the attack. Otherwise, what good is it?

A Radical Thought Experiment

Suppose Canada became the 51st state tomorrow. There would be no tariffs on aluminum, potash, oil imports, or anything else.

The lower 48 state aluminum refiners would immediately go out of business. All aluminum would be made in the USA in the new great state of Canada.

Similarly, all US potash production would be from the 51st state. And we would have no oil imports from Canada.

Our trade deficit with Canada would immediately go to zero. However, counting services our trade deficit with Canada is nearly zero already.

So, what exactly would we gain by making Canada the 51st state vs simply removing all tariffs on all Canadian goods?

Related Posts

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Bloomberg writers say soaring power bills threaten to swing US elections.

April 19, 2026: How Trump’s Protectionism on Aluminum Works in Two Pictures

Production has decreased every year since 2021 and prices have soared.

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JCH1952
JCH1952
1 month ago

“In March, the weighted-average price for feeder steers weighing 750–800 pounds at the Oklahoma National Stockyards was $366.16 per hundredweight (cwt), nearly $83 above March 2025. That differential adds up to over $600 per animal that feedlots paid for the same type of feeder cattle, compared with last year.” – Feedlot Magazine

Colluding to pay an extra $600 per animal by feedlots, the last step before the four packers collude to pay gobs more?? It is a ridiculous, nonsensical accusation. The feedlots have to have full pens, so they are enticing operators to sell their cattle with high prices. The packers have to have cattle to butcher. Every day. All day. So they are fighting each other to corral the feedlot cattle. Their ammo? Dollar bills. American consumers are buying all of it. To date, there is no price resistance. At the store the other day I noticed a pack of 3 T-Bones for $75. Did a circle around the aisles, and when I got back to the meat display, it was gone. Since I was a kid working thousands of cattle in ranch world, the population of cattle is down 49 million head. Mostly because of persistent drought in ranch world. (ranch world is in total denial of global warming and it is destroying them). The freaking Sandhills of Nebraska just burned. Almost in total. And this is just getting started. Optical physics (science) does not give a shit about politics.

Last edited 1 month ago by JCH1952
Harold
Harold
1 month ago

Doubling the amount of CO2 in the atmosphere would hugely increase the grass output as well as many other green supplies ?

JCH1952
JCH1952
1 month ago
Reply to  Harold

Already the American West is significantly greener, and there is not enough feed for 90,000,000 cattle. Websites that claim CO2 is plant food and everything will be peachy keen are simplifying a very complex situation.

JeffD
JeffD
1 month ago

It’s pretty obvious that had there been 20 national like-sized competitors in the meat packing industry, instead of just four, that meat prices would not have inflated so quickly. Also, price per pound of beef is quoted/advertised in dollar increments now (e.g. $5.99/lb, $6.99/lb, $7.99/lb). You know something is shady when prices never increment by a dime or a quafter at a time, anymore.

Last edited 1 month ago by JeffD
J_Schneider
J_Schneider
1 month ago

Good points from Mish. I would add two more points:

There are 4 meatpackers controlling the market (80% market share) and there are 4 major supermarket chains controlling 50% of US food retail market. It looks a bit like car industry where consolidation in car production lead to consolidation among component makers.

Feeding the herds means that there is lots of labor going in on US farms and in US fertilizer industry. Labor in the US is expensive. This is probably not the case in Argentina and Brazil where herds feed on grass only.

peter
peter
1 month ago

What is the point of Truth Social? What is the point of even reading the lies printed there?

JCH1952
JCH1952
1 month ago

Herd size is down around 49,000,000 head. That is a huge number. Why? Cattle country is greener – more leaf area – than it was in 1970, but persistent drought conditions because of man-made climate change means there is not enough feed so they have to cull their herds. Heifers and productive cows are being sold to feedlots so they can be fattened for slaughter. The packers have to keep their kill pens full, and they are paying big prices for fat cattle. The pattern is looking unbreakable. People are complaining about prices at the store, but they are selling all of it. There is no actual price resistance. Look for a big reduction in the national herd in 2026. No live Mexican cattle injection because of the New World Screw Worm. When I was a kid it was my job to kill those nasty little buggers. Nuked them with Screw Worm Bomb. They are wintering in Northern Mexico and it’s very likely they will make the jump into Texas and beyond this summer. If they do, beef prices are about to go nuts.

PreCambrian
PreCambrian
1 month ago

I would add that the United States allowed the beef processing and packing industry to get too concentrated. Competition never hurt anyone. They shouldn’t allow any company mergers if either party has more than 15% of the total market or if it would produce a company that has more than 15% of the total market. Right now four companies have 85% of the market.

JCH1952
JCH1952
1 month ago
Reply to  PreCambrian

I think this is a red herring. The fact is there are barely enough cattle to keep all four alive. They’re paying very high prices to keep their kill pens full. That’s some odd collusion.

PreCambrian
PreCambrian
1 month ago
Reply to  JCH1952

I think that you come to a very odd conclusion. You act as if there were six firms that there would need to be more cattle. The same amount of cattle would be split so that each would have less cattle.

Your thought process is that at the pizza restaurant that brings you an uncut pizza, you have it cut into four pieces instead of six because six would be too many.

You are correct that the number of beef packers will not affect the supply. Ranchers cut their stock down because they weren’t making money with the feed costs. However more packers does affect competition between the slaughterhouse and the grocery store. Ranchers might even get better prices.

JCH1952
JCH1952
1 month ago
Reply to  PreCambrian

There are four because there were not enough cattle for six, etc. Soon there may not be enough cattle for four. Tyson recently closed a large facility in Nebraska. Nebraska has more cattle per acre than any other state. The plant could not buy enough cattle to justify continuing operations, so they closed it. The kill pens are a plants raw material supply. They have to be full of fat cattle. If the pens are less than full, the financial losses become huge.

Brutus Admirer
Brutus Admirer
1 month ago

The Uniparty is agreed. They don’t like freedom, and they especially dislike that aspect of it called a free market.

Rogerroger
Rogerroger
1 month ago

Would more meat processors lower cost. Maybe. Would seem like more competition.
We live in a world where a few major corporations own a lot of smaller corporations. Both pay the ceos huge amount and give lots of money to politicians to get their way.
An example. Government seems to think three is a good number competition wise for phone carriers. Politicians who by the way sold public frequencies of the people to those corporations. Instead of renting them.

JCH1952
JCH1952
1 month ago
Reply to  Rogerroger

If they ere paying low prices for fat cattle it would make sense, but they’re paying very high prices for fat cattle. And, they got big because they do it better. They highly efficient.

MisFitKid
MisFitKid
1 month ago

Trump and Elizabeth sitting in a tree…
B-e-e-f ing
/s

Tenacious D
Tenacious D
1 month ago
Reply to  MisFitKid

Exactly. This is all political theater for the dumb (m)asses.

Asses travel in masses and you’ll often see them wearing red hats-es.

Lizzie Fauxcohontas is exactly the kind of busybody who would have pushed for Prohibition in the 1910s.

Lizzie Fauxcohontas and Orange Julius Caesar. Politics does make for strange bedfellows sometimes.

Name
Name
1 month ago

Trumps Statement seems to be exactly what
the Barack Joe Biden policies encouraged

Jojo
Jojo
1 month ago

Beef prices are too damn high! Bring the criminal price manipulators and goughers to justice.

And it isn’t just beef. The high beef prices drive up the prices of other meats across the board.

Costco used to sell Bison for $7.99/lb. It was that price for years. In the last year or so, the prices has jumped to nearly $11/lb. Have the Bison herds shrunk?

Turkey used to be a cheap meat. You could buy 93/7% for $3lb. Now it is $6-$9/lb! Yeah, I know. Bird flu but that was 2 years ago and we shouldn’t be culling birds simply because they get the flu. Other countries don’t do this.

The other day, I paid $9.99 for NZ Venison. Used to be $7.99/lb. Have NZ tariffs accounted for a 25% retail increase? I doubt it.

The reason none of these sellers get prosecuted is because of the political donations they make.

Everything will be better once the AI takes over and money grubbing politicians are put out to pasture.

Call_Me_Al
Call_Me_Al
1 month ago
Reply to  Jojo

The rate of your currency’s devaluation has just picked up a bit as of late. The purchasing power of a dollar has not held steady over time and you seem to be overlooking that.

Find some old change and you can still get gasoline for a dime, even in most of CA-

https://www.coinflation.com/coins/1946-1964-Silver-Roosevelt-Dime-Value.html

Tenacious D
Tenacious D
1 month ago
Reply to  Jojo
JCH1952
JCH1952
1 month ago
Reply to  Jojo

The input costs for bison meat have gone up just as they have for cattle. The bison market is tiny. The big four do not process much bison. Smaller specialty packers are less efficient and have to charge more.

Arthur Orwell
Arthur Orwell
1 month ago

Now, Mish, talk of invading Australia is just being silly. You already own Australia, and have owned us since World War Two. We just don’t get representation in your Congress. Neither does Canada, which I am sure you also own.

Sometimes the outlying parts of an empire like to act a bit sassy in order to pretend that they have some freedom of action. But when push comes to shove, we depend on the U.S. Pacific Fleet and U.S. nuclear weapons for our security. And don’t think we don’t know it.

I do realize that if the empire starts to go to pieces, the more distant holdings (such as Australia) will probably be cast loose to fend for themselves. But that’s in the future. We shall probably slide smoothly from American ownership to Chinese ownership as civilization fades.

I’m back robbyrob
I’m back robbyrob
1 month ago

here was my steak (for real) last year in Uruguay at the hotel https://charcohotel.com/ overlooking that very wide river If I recall the meal was $12 ( I brought a lot of greenbacks) https://imgur.com/a/rBxh4xD

john
john
1 month ago

Over in Lefist Canada the NDP Political Party just elected a new Leader whp promises to save 40% on Grocery costs by using Government run Grocery stores. Is this some kind of cruel Joke?

CJW
CJW
1 month ago
Reply to  john

yeah, remember the government owned pipeline? Taxpayers are still paying for that one.

I here things are so bad with Iran Trump is promising to release all of the Epstein files as a distraction.

Shelmas
Shelmas
1 month ago

I know this is all just for pretend, but let’s say Canada did join the US. Why is it always stated that Canada would join as 1 state? Even if that were the case, then the population of Canada would be slightely larger than California. So in the House, Canada would have the largest number of representatives and could be in control. Contrarily though, the least populous state is Wyoming. Of the Canadian provinces, 8 have populations greater than Wyoming and 2 have smaller populations (let’s combine those). So in this scenario (which seems more plausible to me), Canada would join as 9 new states and control the Senate. (Assuming in either scenario that the Canadians stick together politically to dominate the fractured Americans). So the proposal is to provide Canada political control in the US? I just have never understood Trump’s thinking on this. Seems like he gave it his usual 30 second thought process.

Call_Me_Al
Call_Me_Al
1 month ago
Reply to  Shelmas

How would a voting block of 18 senators control a chamber of 118 members? You should toss out that assertion as it is rubbish.

Also, Canada isn’t a monolith – Alberta and Ontario/Quebec are quite different in politics.

Avery2
Avery2
1 month ago

Warren for “beeeer”, Chuckles the Shoe for cheezeborgers.

Feral Finster
Feral Finster
1 month ago

“Damn the Grand Canyon and fill it to the brim so we have free cheap water for our farmers.”

Too funny.

hmk
hmk
1 month ago

Barron’s recently ran an article about beef and followed the entire chain from production to processing. Great article worth a read. Basically there is no one reason for higher prices its as you mentioned a multiplicity of events with not one of them due to price gouging. After reading the article I felt thankful that the farmers were still willing to raise cattle. A thankless, hard job with minimal rewards and multiple headwinds. Basically these ranchers due it out of a love of farming.

Jojo
Jojo
1 month ago
Reply to  hmk

Basically these ranchers due it out of a love of farming”

Bullcrap. They do it because it is the job they learned as they grew up and they don’t have anything else they could do. Which is going to be a major problem as robots grow capable of doing farming work (and other manual labor jobs).

Now, here’s a fascinating hardscrabble story of chili pepper farming in India. These people live on $2000 or so annually.

Why nearly every farmer who grows these chile peppers is a woman

April 19, 20267:16 AM ET

By Kamala Thiagarajan

“Hard labor and sleepless nights,” says Pandiamma, 37, a farmer, as she crushes the crackling dried red pepper in her palm. “That’s what our lives are like when it’s the time of year to pick chile.” She opens her palm and shows me the shredded flakes. “And this is how wrung out we are at the end of it all,” she laughs. “But it’s worth it.”

Like many women in rural India, she goes by one name only.

It’s a searing hot day in Mattiyarenthal village, in the southern Indian state of Tamil Nadu. In March, temperatures regularly touch highs from 95 F to 105 F. The sharp, pungent scent of chile peppers clings to the air. It’s just one of hundreds of villages in this area that grow this crop.

https://www.npr.org/2026/04/19/g-s1-116759/red-hot-peppers-women-farmers-india

john
john
1 month ago
Reply to  hmk

Read that US..
cattle herds are down to 1980 levels….. because many farmers make better returns on other things
now.

Last edited 1 month ago by john
todde
todde
1 month ago

Catle industry has been in trouble for some time now. we may want them to make a little money finally.

frictionshift
frictionshift
1 month ago
Reply to  todde

I have a close friend who comes from a family that has ranched in the west since the 1870s. He is an engineer and designs large-scale agricultural irrigation systems. He told me a couple of years ago that he doesn’t think American ranching is economically viable anymore without significant subsidies, or beef prices that make today’s look dirt cheap. Or both. One anecdote, FWIW.

njbr
njbr
1 month ago

Gosh, for a group claiming to ” know business ” and ” love capialism ” they really don’t and don’t

MPO45v2
MPO45v2
1 month ago

Excellent post. I like the list of all the self-induced market causing problems that governments keep imposing on the citizens then blaming everyone else for causing problems then offering solutions that make it worse.

We’ve all seen how central planning fails every time yet it keeps getting repeated over and over again. What will it take to finally learn the lesson?

2-Star Mishelin award granted on this post.

MPO45v2
MPO45v2
1 month ago
Reply to  Mike Shedlock

Well ok but we really need to start getting more musical tributes too.

3-Star Mishelin award granted.

Call_Me_Al
Call_Me_Al
1 month ago
Reply to  MPO45v2

Oh my – even here people are grubbing for stars and likes!

😉

Rod
Rod
1 month ago
Reply to  Mike Shedlock

I wiil give you 5 stars!

Joe Penny
Joe Penny
1 month ago

Wait, BEEF update and no story about Mish’s days in the supermarket meat department in high school/college….BOOOOOOO!

Rod
Rod
1 month ago
Reply to  Mike Shedlock

It depends on the FDA grade. Most stores sell only “choice” beef! If you want more fat in the meat then you need to buy “Prime”.

David Heartland
David Heartland
1 month ago

My Mom, from Toronto, married a Canadian Politician. WOW, was he ever full shit.
……and the lines for Medical Care are awful.

JCH1952
JCH1952
1 month ago

And yet, Canadians enjoy good health outcomes. Apparently waiting in line beats seeing a doctor.

Limey
Limey
1 month ago
Reply to  JCH1952

Yep, and it doesn’t put you in serious debt or bankrupt you , no insurance required.

dtj
dtj
1 month ago

I’ve heard the “you will own nothing, eat bugs, and be happy” tin-foil conspiracy theory and I hate to say it, but it lines up with the reduction in beef and meat production.

I find it hard to believe that at these high prices, beef is not profitable and you would think there would be an incentive to increase herd sizes. But maybe the production costs are actually too high for it to be currently profitable. I dunno.

Lining up with the tin-foil theory, there was a massive push for European farmers to cut down on meat production a few years ago because it was “causing global warming”.

That kind of forces Europeans to eat less beef or lamb. What else is high in protein that doesn’t produce methane? Bugs. You will love them when you’re eventually forced to eat them.

Creamer
Creamer
1 month ago
Reply to  dtj

Okay so it’s actually a shadowy cabal trying to make you eat bugs and not just that beef was always subsidized to hell like corn, or that inputs have gotten insanely expensive because of the idiot in chief. Certainly it can’t be the availability of farm labor vanishing into thin air either, no way. Global warming isn’t even real anyways, it’s not like we’re having the hottest month ever or anything.

No, no, it’s the Jewish lizard people making beef unaffordable so you eat bugs. That’s definitely what it is!

dtj
dtj
1 month ago
Reply to  Creamer

Shadowy cabal = World Economic Forum. They are the think tank that put out the infamous paper: “You’ll own nothing, and you will be happy”.

The “eating bugs” thing is actually grounded in reality. Straight from the WEF website: https://www.weforum.org/stories/2021/07/why-we-need-to-give-insects-the-role-they-deserve-in-our-food-systems/

Creamer
Creamer
1 month ago
Reply to  dtj

And they set what policies that caused this exactly? Oh, right, none. Because your argument makes no fucking sense. Herds are down because no one can afford them. It is that simple.

todde
todde
1 month ago
Reply to  dtj

while I agree there is a push to reduce meat consumption that is not the cause of the reduced herds and high prices.

less grazing land and/or more expensive land and drought and the higher feed prices caused by both the drought and land prices are the cause.

the incentive for Ranchers is too sell the herd they have at the high price, instead of incurring more costs, at inflated prices, to grow their herd.

Rod
Rod
1 month ago
Reply to  dtj

The 500 lbs of elk meat is worth two or three mortgage payments.

Augustine
Augustine
1 month ago

Memorial Day is not too far off. Must distract the proles when barbecuing.

Rex River
Rex River
1 month ago

Gee, 20 million illegals in the US,
Eat a lot of Beef…
Hmmm.

Jojo
Jojo
1 month ago
Reply to  Mike Shedlock

End the deportations! Toss them into the Soylent Green tanks and make animal feed.

Limey
Limey
1 month ago
Reply to  Jojo

Along with this entire administration, except for Leavitt, she could be re-utilized in one of those Texas ranch houses that ‘gentlemen’ visit.

MPO45v2
MPO45v2
1 month ago
Reply to  Rex River

Yes with their high paying salary from their “stolen” job they are buying up all the $400k houses, $100k F150 trucks and $12/lb beef. No matter what your problem is “illegals” did it according to the bigots that come here.

Limey
Limey
1 month ago
Reply to  MPO45v2

Cardiac surgeons across the US are ruing the day the Guatemalans took their jobs. Not.

MPO45v2
MPO45v2
1 month ago
Reply to  Rex River

You might enjoy this article Rex.

https://www.washingtonpost.com/business/2026/04/19/trump-states-laws-immigration-business/

In red states, anti-immigrant bills are failing as businesses

push back. Most of the roughly 200 bills targeting immigrants around the country this year have stalled or died, with help from business and Christian groups.

In Tennessee, a bill championed by White House adviser Stephen Miller would allow public schools to deny enrollment to undocumented children. In Idaho, employers would have been forced to use the government E-Verify system to stop undocumented immigrants from getting jobs. In Utah, undocumented immigrants would have been denied public assistance for vaccines or food for pregnant mothers.

It’s a grand rebuke of your mindset. Just wait till democrats take over. Lol.

Rod
Rod
1 month ago
Reply to  MPO45v2

Yea for Christian ethics! This is pretty close to their attitude on HYPROCASY.

El Trumpedo
El Trumpedo
1 month ago
Reply to  Rex River

How many hundreds of billions spent on ICE and this is still a thing?

todde
todde
1 month ago
Reply to  Rex River

lucky for us there are 30 million Magas in America who get their daily nutrition by filling up on Trumps bull shit.

I’m back robbyrob
I’m back robbyrob
1 month ago

Argentines swap beef for donkey under Milei’s austerityWith beef prices hitting 25,000 pesos, the legalization of donkey slaughter in Chubut reveals the rawest side of the Casa Rosada’s fiscal adjustment.

https://diariocarioca.com/en/2026/04/18/economy/argentina-crisis-donkey-meat/

Wild Midwest
Wild Midwest
1 month ago

Southern California needs a donkey harvest right away. The hills are overrun. Native plants are being devastated. Erosion is terrible throughout the Inland Empire.

Think of the McDonkey sandwich that will boost GDP.

MPO45v2
MPO45v2
1 month ago

I was in Argentina last year, beef was amazing and really cheap but I guess that’s if you’re paying with USD and not pesos.

Augustine
Augustine
1 month ago

Obviously, Argentina is a testing ground form the Epstein Class. I guess that it beats roasted insects. Soon, at a grocery store near you.

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