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<blockquote data-quote="Anonymous" data-source="post: 12592"><p>I think cattle prices will drop. We export 10-15% of the beef that we produce. Japan and Korea are our two largest importers and both have announced they won't import US beef. That 10% will have to be absorbed by the US market. That should result in lower prices all along the supply chain. The TV news media seem to be handling the situation well. Long term, we'll just have to see. This announcement of BSE isn't going to stop me from eating a CAB rib roast for dinner tonight!! Happy Holidays to everyone....</p><p></p><p>of BSE (Mad Cow)</p><p>> has turned up in the United</p><p>> States, what do ya'll think will</p><p>> happen to cattle prices? Will the</p><p>> bottom drop out, will prices</p><p>> slowly decline over time, or will</p><p>> it hold steady? I am thinking we</p><p>> might have a decline in market</p><p>> prices into early next year, since</p><p>> we will probably have an abundance</p><p>> of cattle here in America (less</p><p>> exports). Look on the bright side,</p><p>> that will be a good time to buy!</p><p></p><p>> **********************</p></blockquote><p></p>
[QUOTE="Anonymous, post: 12592"] I think cattle prices will drop. We export 10-15% of the beef that we produce. Japan and Korea are our two largest importers and both have announced they won't import US beef. That 10% will have to be absorbed by the US market. That should result in lower prices all along the supply chain. The TV news media seem to be handling the situation well. Long term, we'll just have to see. This announcement of BSE isn't going to stop me from eating a CAB rib roast for dinner tonight!! Happy Holidays to everyone.... of BSE (Mad Cow) > has turned up in the United > States, what do ya'll think will > happen to cattle prices? Will the > bottom drop out, will prices > slowly decline over time, or will > it hold steady? I am thinking we > might have a decline in market > prices into early next year, since > we will probably have an abundance > of cattle here in America (less > exports). Look on the bright side, > that will be a good time to buy! > ********************** [/QUOTE]
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