Latest / Brian Thomas / Empower U - Dustin Goldie - Why are meat prices so high?

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Empower U - Dustin Goldie - Why are meat prices so high? · Brian Thomas

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  Speaker 1: Seven for fifty five krosee the talk station. Ran Thomas
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  Speaker 1: happy to welcome to the fifty five Carssey Morning show Man.
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  Speaker 1: He's gonna be doing a seminar tonight seven pm. You
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  Speaker 1: can nei the show up at Scarlett Oaks three hundred
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  Speaker 1: Scarlett Oaks, drive to the Empower Youth Studio or log
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  Speaker 1: in from home which is really easy to do. Just
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  Speaker 1: register at empower Youamerica dot org so you can find
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  Speaker 1: out why the hell beef prices are so high. Man
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  Speaker 1: leading the seminar joins us this morning. Dustin Goldie owner
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  Speaker 1: of Goldiebeef Farms located in Clarksville, Ohio. His farm is
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  Speaker 1: called Goldie Beef North, where he runs a farm alongside
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  Speaker 1: his father Rick. His brother operates Goldie Beef South in Stanford, Kentucky,
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  Speaker 1: long with his uncle Jeff operating Goldiebeef East in Wilmington, Ohio.
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  Speaker 1: They focus primarily on delivering custom process, farm raised beef
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  Speaker 1: and hate production. He also has a master's degree and
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  Speaker 1: a principal degree. He teaches at the Little Miami School
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  Speaker 1: District Good for You. He's been an education and educator
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  Speaker 1: and administrator for more than twenty three years. Dustin I
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  Speaker 1: don't know how you find time to get all that in.
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  Speaker 1: I have a really good idea about how how difficult
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  Speaker 1: farm life is. My late father in law was a
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  Speaker 1: dairy farmer who never left the farm because if you
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  Speaker 1: don't milk the cows twice a day, they don't produce milk.
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  Speaker 1: Good to have you on the morning show, Dustin Goldie.
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  Speaker 2: Thank you, sir. I appreciate it. It's an honor, mister
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  Speaker 2: Thomas to be on your show, a long time listener,
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  Speaker 2: so thanks for having me.
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  Speaker 1: Oh wow, thank you, Dustin. That is so kind of you,
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  Speaker 1: and I really appreciate you listening to the program. Man.
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  Speaker 1: And okay, let's talk about why. But no, let me
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  Speaker 1: ask you first. We've had a discussion because beef prices
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  Speaker 1: are so high. I'm going to enter into a discussion
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  Speaker 1: we've had with our family. We were thinking about buying
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  Speaker 1: a half side of beef process and share, you know,
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  Speaker 1: dividing the cost among several different family members and groups.
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  Speaker 1: Do you do that you sell sides of beef?
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  Speaker 2: Yes, we do. And I tell you when you buy
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  Speaker 2: in bulk and quarters haves or holes from a local farmer,
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  Speaker 2: you're actually saving a lot of money compared to the
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  Speaker 2: big beef in the you know, big agg corporate farms
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  Speaker 2: from the grocery store. So you're also gonna know where
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  Speaker 2: your beef's coming from, going to know what's you know
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  Speaker 2: as your beef been and you know it's not going
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  Speaker 2: to be injected with antibiotics and growth hormones. It's going
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  Speaker 2: to be healthy. And I really really am a big
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  Speaker 2: proponent to buy from any local farmer, farms and the
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  Speaker 2: tables the best way to go.
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  Speaker 1: Ay man, I'm all over it. That's why I asked
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  Speaker 1: you the question, what's your website? Free free publicity, Dustin?
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  Speaker 1: Where do we turn to find out about this?
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  Speaker 2: Eatgoldibeef dot com is our website. It's pretty easy to
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  Speaker 2: maneuver through, and UH highly encourage you to go there.
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  Speaker 2: And well, I always I always promote all my local
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  Speaker 2: farmers that we're all we we compete, but yet we're
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  Speaker 2: friends and farmed. The tables the way to go, and
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  Speaker 2: a lot of folks it wasn't until COVID that a
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  Speaker 2: lot of folks realize you could buy directly from a
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  Speaker 2: local farmer.
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  Speaker 1: Well, I've had Congressman Thomas Massey on many many times
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  Speaker 1: over the years, and it's something he has brought up
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  Speaker 1: and also encourages because he too raises beef himself. Sometimes
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  Speaker 1: it's the processing is the part. But recognizing that you've
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  Speaker 1: got that angle covered. While my wife's out there listening,
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  Speaker 1: Paul Att eat Goldiebeef dot com. We're gonnat head on
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  Speaker 1: over there. You may love it. You have a new customer. Brother.
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  Speaker 1: All right, you're doing a seminar tonight. Why in the
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  Speaker 1: hell is beef irice?
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  Speaker 2: So?
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  Speaker 1: Ten dollars a pound for plain old eighty twenty ground
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  Speaker 1: beef at your local supermarket, sometimes more, but across the board.
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  Speaker 1: I quit making beef jerky because I couldn't stand the
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  Speaker 1: price of beef. So is this the herd levels are?
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  Speaker 1: Let's start with the herd levels, because I understand they're
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  Speaker 1: down to the They haven't been this low since the
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  Speaker 1: nineteen fifties. How did we get from there to hear?
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  Speaker 1: What was the What is the reason or reasons for that? Sir?
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  Speaker 2: Yeah? So so really you go back to our economics
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  Speaker 2: classes in our senior year in high school, and we
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  Speaker 2: all know tight supply with record high demand is going
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  Speaker 2: to equal high prices, and our cattle herd right now
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  Speaker 2: is are sitting around eighty six million head in the
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  Speaker 2: United States now, in comparison in nineteen fifty, mister Thomas,
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  Speaker 2: we had ninety million head and we are we are
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  Speaker 2: extremely low right now and it's a it's a real concern.
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  Speaker 2: So we're at the lowest we've ever been and record
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  Speaker 2: high demand. Americans love their beef, and it is really
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  Speaker 2: defied all logic that with these higher prices, demand continues
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  Speaker 2: to surge. So, you know, our lowest herd in seventy
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  Speaker 2: five years, with record high demand is going to lead
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  Speaker 2: to these really really high prices.
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  Speaker 1: Well, asking the obvious. With record high demand, the incentive
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  Speaker 1: is there to build herds. I know that it's an
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  Speaker 1: expensive proposition, but is and it takes a what's the
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  Speaker 1: window between a calf being born and the time that
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  Speaker 1: can go off to slaughter? How many years is that
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  Speaker 1: or how long a period of time is that.
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  Speaker 2: Yeah, you're looking at you're looking at for a heifer
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  Speaker 2: that is born, which is a you know, first year female.
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  Speaker 2: You're looking at two to three years that you know,
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  Speaker 2: really you should wait to have them bred so they
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  Speaker 2: can start having a calf themselves. So what's happening is
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  Speaker 2: your you know, your ranchers are looking at these pretty
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  Speaker 2: historic prices at the stockyards, and they're saying, hey, why
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  Speaker 2: are we going to rebuild the herd? We can go
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  Speaker 2: and take them and get, you know, the most money
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  Speaker 2: that we've ever gotten as cattle ranchers in our lifetime
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  Speaker 2: because of these record high prices. A great example, twenty twenty,
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  Speaker 2: you could buy a six hundred pound steer to fatten
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  Speaker 2: out for slaughter for around you know, six hundred bucks. Today,
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  Speaker 2: that same six hundred pound steer is gonna cost you
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  Speaker 2: anywhere between twenty three to twenty five hundred dollars.
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  Speaker 1: Holy cow, that's a huge increase.
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  Speaker 2: Yeah, holy cow, no pun intended.
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  Speaker 1: Well, and that's three years of feed. Are feed prices
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  Speaker 1: also up? Is that impacting the price?
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  Speaker 2: Yeah? So really, what's happened, mister Thomas, is out out
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  Speaker 2: west we have had a twenty twenty five year drought
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  Speaker 2: that has devastated our ranchers out there where there's no
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  Speaker 2: grass to grow. So what they've had to do is
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  Speaker 2: they've had to start importing roundbels of hail, of hay.
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  Speaker 2: They've got higher feed costs with corn and soybeans being
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  Speaker 2: pretty high over the last five years, And what's happened
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  Speaker 2: is they just can't afford to raise their cattle, so
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  Speaker 2: they sell, and they've been selling at record numbers and
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  Speaker 2: selling out. And we're losing our ranchers left and right
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  Speaker 2: because they can't keep up.
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  Speaker 1: Yeah, I mean, for whatever reason, the goose that laid
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  Speaker 1: the golden eggs hit me because if these things are
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  Speaker 1: worth so much money and you sell them for slaughter,
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  Speaker 1: leaving you with nothing, you're not going to get any
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  Speaker 1: more production from that farm. Are you suggesting these farmers
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  Speaker 1: are just thrown in the towel.
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  Speaker 2: They are, they're selling out, they're selling out. And the
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  Speaker 2: other thing is our population of the rancher is in
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  Speaker 2: the sixty year range sixty years of age, yes, and
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  Speaker 2: their children are deciding that they do not want to
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  Speaker 2: put in that kind of work and they're selling. So
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  Speaker 2: we're at a real crossroads where we're losing farms left
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  Speaker 2: and right here in America. And I really encourage people
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  Speaker 2: to start looking into it and following your Farm Bureau
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  Speaker 2: and at other publications because it is a crisis in
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  Speaker 2: this country right now. Well, you run the Goldie beef
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  Speaker 2: farms that you've been doing this, how long have you
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  Speaker 2: been raising cattle for slaughter? Well, we've been really doing
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  Speaker 2: it at a high number since around twenty and ten.
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  Speaker 2: My father did it really for family members prior to that,
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  Speaker 2: and my grandfather and great grandfather just more for it,
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  Speaker 2: just family. But we really started selling it commercially around
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  Speaker 2: twenty and ten, and then in twenty and twenty, when
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  Speaker 2: we had a beef shortages in the stores, Americans began
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  Speaker 2: to research where can I find beef and they realized
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  Speaker 2: you could buy from your local farmers and farm to
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  Speaker 2: table beef from local farmers has really been a very
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  Speaker 2: popular thing since twenty twenty.
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  Speaker 1: Is there a labor I mean, obviously if people don't
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  Speaker 1: want to work on farms, even the children of farmers,
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  Speaker 1: that suggest maybe there's a labor shortage. Is there are
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  Speaker 1: also maybe a tangential labor shortage even for the big
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  Speaker 1: industrials a beef folks, because they have to process it
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  Speaker 1: and it has to be you know, go ahead.
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  Speaker 2: Yeah, absolutely, And there's there's beef shortage or there's shortages
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  Speaker 2: in labor, but there's also shortages in the big meat
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  Speaker 2: packing plants. They can't find enough workers. Just like just
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  Speaker 2: about every industry in America right now, it's hard to
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  Speaker 2: find people to come to work and that slows down production.
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  Speaker 2: And when and as you know, mister Thomas, as you
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  Speaker 2: slow down production, that also raises the price of your product.
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  Speaker 1: Yes, it does. Wow, this is enlightening. And finally I
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  Speaker 1: have to ask this before we part company or you
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  Speaker 1: do the seminars tonight at seven pm. UH empower you
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  Speaker 1: America dot org to watch from home, Empower you Studio
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  Speaker 1: three hundred Scarlett, OK, strive to be there in person.
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  Speaker 1: Does does this? And I will call it nonsense going.
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  Speaker 1: I don't want to put the words in you mouse,
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  Speaker 1: but this whole green cow flatulence is warming the planet up?
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  Speaker 1: Is there any green component that's resulting in the price
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  Speaker 1: of beef going up? Is this sort of some the
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  Speaker 1: cattle herds are down almost intentionally behind the scenes. Is
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  Speaker 1: there is there a layer on that one? You know?
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  Speaker 2: I don't. I don't believe. So. I think it's simply
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  Speaker 2: I think it's simply a supply and demand issue. You know,
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  Speaker 2: you got the New World screwworm down in Mexico and
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  Speaker 2: South America as well that has shut our imports down. Now,
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  Speaker 2: mister Thomas, we import a lot of beef from South
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  Speaker 2: America that is lean Americans. Our beef is is fattier.
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  Speaker 2: So what we do is we import that lean beef
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  Speaker 2: in mix it with our fattier beef to give us
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  Speaker 2: that eighty twenty. So by having that border shut down
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  Speaker 2: from all imports, that's also really really hurt our supply.
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  Speaker 2: And again, tight supply, high demand equals high beef prices.
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  Speaker 1: Wow, I'll tell you what it's going to be a
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  Speaker 1: fascinating seminar. We'll barely scratch the surface with Dustin Goldie here.
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  Speaker 1: It's tonight seven pm. A power Youoamerica dot org for
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  Speaker 1: all the information and get your beef another free plug
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  Speaker 1: ethgoldiebef dot com. Dustin, it's been great having you on
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  Speaker 1: the show. And thanks again for being a listener. Man,
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  Speaker 1: I'm honored by that.
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  Speaker 2: Sure, it's been an honor. You made my day.
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  Speaker 1: Oh you made mine. Man. I know where to go now,
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  Speaker 1: coming up a