greybeard":28j9v7ht said:
Yep, the bottom will break someday and when it does-------------lots will be upside down in it with just 2 options. Cut losses and sell or hold on for the long term for it come back---neither is all that good of an option------------OUCH!!
The overall number of cattle in this country is down now but so is consumption.
More and more of the older producers are retiring or passing away and their kids aren't interested in carrying on with cattle.
Beef exports are up and the Asian markets are becoming more receptive to US beef (or so I have read).
Barring an outbreak of BSE or the like, what would cause prices to really tank? I know drought conditions have an impact on prices but what else should we all be wary of?