Posted by RMinVa on January 06, 2009 at 05:41:28 from (209.145.70.172):
In Reply to: Cattle Prices posted by JD MAN 65 on January 05, 2009 at 18:48:11:
Prices will make a comeback when the average American has money in his/her pocket to buy beef again.Or when the inventory of beef gets low enough to cause a shortage. Or the price of corn goes down. All 3 have an impact on beef. Layoffs are still rising and expect to see that at an even higher rate. If a shortage occurs I fully expect more beef to be imported and don't see corn going down until the new crops being expanded over seas will cut back on corn export from the US. Africa is the new frontier for farming it seems. Several eastern countries are going to plant about 1.5 million acres of corn in Africa this year.
Difference in what we're seeing now and in the past is we're tied to a world market. It's a new road we haven't traveled. Predictions can be made but we won't know until we travel into the new market down turn further. JMHO
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