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<blockquote data-quote="RD-Sam" data-source="post: 601200" data-attributes="member: 7927"><p>My take on all of this is that you have had three main factors causing the price to drop recently. 1. Selloff due to drought conditions, which has flooded the market. 2. Selloff due to the CCS in the black angus, also flooded the market. 3. The economy downturn, people aren't spending money on pricey beef. </p><p></p><p>I figure the first two are about over for the most part. The economy is anyones guess, I give it three years and it starts to turn around, could happen sooner though. You will probably start to see alot of ranches building herds back in the near future, so seedstock sales may be good. Beef sales may take a bit longer, but should come back up. That the opinion of this amateur. :lol2:</p></blockquote><p></p>
[QUOTE="RD-Sam, post: 601200, member: 7927"] My take on all of this is that you have had three main factors causing the price to drop recently. 1. Selloff due to drought conditions, which has flooded the market. 2. Selloff due to the CCS in the black angus, also flooded the market. 3. The economy downturn, people aren't spending money on pricey beef. I figure the first two are about over for the most part. The economy is anyones guess, I give it three years and it starts to turn around, could happen sooner though. You will probably start to see alot of ranches building herds back in the near future, so seedstock sales may be good. Beef sales may take a bit longer, but should come back up. That the opinion of this amateur. :lol2: [/QUOTE]
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