Re: Today's workshop
Jabes0623 wrote:If people could accurately predict any market they wouldn't be talking about it they'd be playing it. You make a be nice of a lot more $ doing something than talking about it.
Now that's not to say cattle prices won't go down, they will. But someone acting as though they can actually predict what a market is going to look like 6 months from now is rather ridiculous, 5 years is just absurd. There's far too many unknowns.
Not really as 7 dollar a pound hamburger is not sustainable in this economy.
We are not the only protein source in 2000 we were almost having to pay the barn to
take the cattle. Wasn't uncommon for a 1200 lb cow to bring 300 dollars.
The market was showing signs of strengthening and prices were coming up then in 2006
ethanol hit driving corn prices up and feeders down.
Again this an artificial high due to drought in the mid west beef country . Now California millions of
dairy hamburger lbs have come off the market with the drought out west. Those people will restock
and those bull calves will enter the market driving prices down.
We are a slow moving industry providing 1 product a year if lucky from the cow.
The Chicken is producing a product a day to 21 days.
The Sow three litters a year both of these industries are riding a high as well filling our void right now.
To grow we have to remove product from the market not so with poultry or swine.