Posted 1/11/2008 12:15 (#280846 - in reply to #280793) Subject: Re: Who will blink first?
I think the exporters will blink first. The world market is looking for supplies and our livestock and ethanol producers are pretty much committed to our crops. Exporters can look for supplies anywhere.
$12 per lb Ribeyes indicates to me that there is room to share part that with feeders. They might not want to but if feeders cut down on numbers or finish weights----.
Who will blink first?
