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Cake day: June 13th, 2023

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  • Cattle numbers are definitely down, but monopolization of ranching has been carrying on at a pretty good clip as well. I think it’s a safe bet that the new point of equilibrium they find will still be more expensive, even inflation adjusted. There’s a similar trend across most agribusiness that I’ve seen, especially with farms going out of business in droves because of the pandemic.




  • I agree that Schumer’s political approach and public rationale is awful, but not voting for the budget would’ve given the Trump admin free reign to do worse on top of blaming the Democrats for it and convincing their supporters. A government shutdown would’ve given the executive branch more power to manipulate funding, including to things they can’t touch without legal challenges otherwise. I’d rather people be able to go after them in the courts, even if they’re doing awful stuff that takes longer to reverse.

    This is why those senators broke with the party, because a no vote would’ve been performative and made the situation worse. The yes votes are mostly in states where deprogrammable independents are a meaningful part of the electorate for 2026.