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Napanee, Ontario | yeesh, all i did was post a cpl charts.. I wasn't saying prices are going lower at all. I was just pointing out that 650-850 wts have been range bound to 2011 prices. If anything, i would expect a breakout to the upside of the channel like the 8-9 steers and heifers are doing. The fats to rail spread is keeping the 10 wts stronger, and i would expect this to reach down to the 6-7's, like the break we are seeing in the 8-9's.
There, there is my take since you asked for it. BTW, If a guy don't already own an umbrella, then he likely hasn't been in the beef industry for long. | |
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Price Regression to 2011
