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| it`s not possible or practical for the government to lower beef prices appreciably, even if they bought all the cattle from India. the average dude (me) goes to mcdonalds 5 times a week and gets a quarter pounder, on saturday grills a 1 lb ribeye and on sunday has roast beef. see what has to happen is on tuesday go to kentucky fried chicken, on wednesday go to long john silvers, on friday go to subway and get a turkey club, maybe saturady have a pork roast or something. point being all us dudes cut our beef consumption in half and that would actually solve the problem... oh, i know there`s a handful out there who don`t see selling $2.70 fats as a "problem" but it is and the higher and longer it goes the harder the fall will be. just so it won`t be demand destruction.
i just hope they don`t ruin the great US beef quality by blending it with foreign, stringy, screw worm chewed stuff. be interesting to sit in the salebarn and see, the cash market has been divorced from the board for years now. when i used to take cattle in the radio would say "fat cattle are a buck lower at $1.50" but at the salebarn they`d be 5 bucks higher at $1.60 and such. | |
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Could Trumps attempt to lower beef prices backfire?
