viva

Restaurants Hit Hard Times as Two File for Bankruptcy

My last visit to either "restaurant" was more than 10 years ago. How they survived this long I don't know.

As a cattle raiser facing rising costs of production (fetilizer, feed, labor, etc.) and prolonged drought like many others in this industry, I can tell you some have reached the point of selling furniture to pay the rent. Outcome will eventually be fewer cattle in the supply chain. People are walking past the meat counters in the grocery stores at upstream feedlots pass through costs of production. Higher prices will curb demand. More steakhouses will fall, unfortunately.

Feeding our corn to our Cadillacs hasn't helped the situation either.