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| I skipped the first couple of minutes watched 5 minutes, determined it is 5 minutes of my life I will never get back. So what has really changed? One idiot said beef prices are too high. Maybe real estate is too high also? We may import more beef from Argentina, but as one poster said on the link above, not sure if it is true, Americans eat more beef on the 4th of July then what will be imported. Snap benefits are not coming out on time in November, will probably affect demand somewhat, but over all in 2 months this should be tempory speed bump, the stock indexs are sure bullish. Nothing has dramatoically changed at this point to affect price for the year, is there a correction coming, probably but every pessimist in the industry thinks we will wake up in a month and calves will be at $1.00. There is simply not the capcity at this time to flood the market long term with numbers of cattle. It is a manufactured crisis and the big money boys playing the futures are going to make a ton of money. | |
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