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Fundamentals don't mean squat
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Posted 5/2/2021 22:00 (#8984142 - in reply to #8983982)
Subject: RE: Fundamentals don't mean squat

North Central Texas
And you fall for the same crap said over and over by the same bunch. My Monday nights have been nothing but case studies on the beef industry the last 8 months. Everything reviewed, everything ripped apart. You wonder why the government and law makers don't care? There is no merit. There is no validity. Just like the push for 30/14. Want to know what we found? A bunch of commission companies, auctioneers, and order buyers hoping to cash in on 100,000s of cattle that weren't being sold in a sale barn. It's the same with the market. There never has been a reason to tie the box price to the live. The box price is an indicator to determine demand. It has not ever set the box price but you want it to be that way. There is zero legitimacy in that and there never had been.

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