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| When you look at the fact the packers are loosing money, it should not surprise anyone the market is heading south. The only real surprise is it stayed up so long. It doesn’t matter the animal, packers never loose money for long!!
Dovers is easy to read, but the data is available elsewhere.
https://www.drovers.com/markets/profit-tracker/beef-profit-tracker-p...
As a side note I’ve got a local grocery store that sells whole sale high grade restaurant trade beef out of a local large packing plant. They’ve been running specials for two months selling beef cheaper than you can put a cow in the freezer. That to me is a sign they are not moving product. | |
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Corbitt Wall with a truly terrible take
