I don't invest in cattle futures but have shaken my head a few times at the price of beef in the store and have heard relatives and friends who raise cattle lament at the cost of buying replacement heifers/cows or buying a few feeder calves in the recent past. But on a recent trip to my country trapping supply guy he mentioned that cattle futures had dropped the limit 3 days in a row. And then my friend at work who has a few feeder calves at his place (his dad has a pretty good sized herd which my friend helps manage when needed) was bumming because he had bought a few of these calves from people in the spring when prices were up and with the recent drops would probably lose money on a couple of them.
Anyway, I checked out some stories today and found this one. This guy seems a bit full of himself but there's a lot of data pointing at cheaper beef in the next year or so and maybe an era of cheap beef for a while then after. Of course prices at the store never drop as fast nor as hard when compared to the price that the cattle folks raising the animals get at the sale barn...
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