Prices for Beef went up in 2023 and are going to do it again next year!
In an article by Bryan Doherty in Successful Farming titled EXPECT TIGHTER SUPPLY OF CATTLE IN 2023, ANALYST SAYS. Though cattle marketing numbers were heavier than expected late summer and fall, expect that beef production and the number of cattle marketed will be lower in the year ahead.
Why? The quick answer: higher input costs and drought conditions in key cattle-producing states will mean less inventory in the months ahead.
How do you make sure you are sourcing your commodity needs correctly? Contact SafeSourcing Inc. We buy it more often than you do and know the levers to pull. Glad to share some recent examples when you reach out.
SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.
For more information, please contact a SafeSourcing Customer Services Associate.