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Stock impact report

"Herds Gutted": Historically Low US Cattle Inventory Drives Beef Prices To New Highs [zero hedge]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: zero hedge
"Herds Gutted": Historically Low US Cattle Inventory Drives Beef Prices To New Highs America's declining cattle herd is nothing short of alarming, and some ranchers call it a " national security threat " to the nation's food supply chain. This continues to be a major theme fueling record-high cattle prices on the Chicago Mercantile Exchange and beef prices at the local supermarket . Elevated interest rates and soaring input costs under the Biden-Harris regime years have made it increasingly difficult to maintain or rebuild herds —challenges that are expected to persist early in President Trump's second term. Ranchers have faced a slew of macroeconomic headwinds in maintaining or restocking their herds, as rising interest expenses on cattle and elevated input costs since 2022 have squeezed margins and eroded incentives to rebuild. Compounding the challenge are drought conditions and "green" degrowth climate policies, which have added further pressure on producers. At the start of the y Show less Read more
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