Posted 1/13/2021 02:41 (#8746944 - in reply to #8746917) Subject: RE: I’m confused. Are we rich or poor?
While you are right about feeders being squeezed already it’s about to start a short turn death spiral. If cost of gain exceeds your current cash fat cattle price you will have serious problems. It’s about to get real crappy fast. I agree with Carlson, China has the reins might as well jump on as that is a whole lot better than getting run over by the train.