Supply and demand: the push and pull of time, money, materials, and desire that influences the price and availability of all commodities. An overreaction to a shortage today can result in a glut a few years from now, and vice versa. So how did we end up with the current overabundance of cheese, meat, and grains in the U.S.?
You might remember that just a few years ago, the prices for such goods was on the rise. This led farmers, ranchers, and others to increase their herds, the Wall Street Journal reports.
