|
cropsey, il 61731 | Prices zoomed the moon on continued low production numbers and the thought it takes time to build back up. Great market "story" and it was off to the races. Now the problem comes in that almost no one is a movie star and doesn't have the dough to pay $10/lb for hamburger so out come reports of supply building up. I still don't think cattle numbers are super cumbersome (like we always are with pigs or at least someone says we are), but high prices do have a fundamental effect on the market.
Fundamentals may not matter that much, but it's not like beef or corn or wheat were/are worth the price they were bid up to (no one suggests that price works well in resale). Pretty soon some kid notices the emperor is heading for the sex offender list and things get wonky. However, too many folks have money in the structure and really don't want to lose it all at once so it bobbles around with some even saying things like "corn at $6.50 is on sale".
Not a big bear, but if the price structure doesn't fit the actual market for things we actually use and eat then there is pressure to get it back to where it fits. Fit = pretty much no one makes much money. | |
|
Cats/Cows/Trampoline's
