Sumner GA, Located in southwest GA, | As long as this economy is as bad as it is, it is nearly certian that grains will remain high, investors will go to commodities, especially now I believe. Gloomy Christmas coming for the economy, I know of at least 5 businesses who will be shutting down because of this election and Obamacare. The worst may be yet to come, i don't know. I do believe you will start to see dairy beef pork poultry rebound to breakevens, not really predicting record profits I don't belive. Grains will remain higher, not at these levels, this is a fluke. Given good weather, I see corn hanging out at $6 to $6.50, wheat $6.50 to $7, soybeans at $12 to $14. I could be wrong, when this train stops, going to be alot of pain, but the train will keep rolling I believe a few more years. I think the big question is energy prices, when the mideast goes off we will see $200+ crude, that is going to be a big effect on our energy prices. Bad enough now. Anyway, a prediction from someone who may or may not know what he is talking about. |
Election results and the livestock industry?
