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Get READY for a "BIG TRAIN WRECK"??
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<blockquote data-quote="ddg1263" data-source="post: 759527" data-attributes="member: 8445"><p>I personally think we will see a upward trend from here on the cattle market. There are two things that are really driving the market. We have a lower herd number that is dropping every month, and beef consumption is still decent by the consumer. First of all our cattle population is the same as it was in the late 50's and despersal sales are happening every week. Our census population has tripled in the USA not to mention the worlds population has increased significally. This alone has been a huge factor in sale barns paying a bit more for feeder calves. Our supply has truly DECREASED. And the consumption market is still decent. Consumers may not be going out to the restaurants, but they are buying beef products by and large in the grocery stores and cooking at home. They may cut back on a summer trip but they are still eating beef.</p><p></p><p>This past week the futures market took a hit. Commodities across the board got hit hard because of Greece. However, the one thing about our commodity is that people need what we sell to survive! You cannot eat Gold, silver, steel, timber, but beef.. it is what's for dinner remember?????? Our market is going to hold its own for a while....</p><p></p><p></p><p>One last thing... the gulf oil spill will drive up the price of sea food significally... The amount of food comming out of the ocean will be effected by this disaster... People will need beef as a substitute. Beef prices are going up boys.....</p></blockquote><p></p>
[QUOTE="ddg1263, post: 759527, member: 8445"] I personally think we will see a upward trend from here on the cattle market. There are two things that are really driving the market. We have a lower herd number that is dropping every month, and beef consumption is still decent by the consumer. First of all our cattle population is the same as it was in the late 50's and despersal sales are happening every week. Our census population has tripled in the USA not to mention the worlds population has increased significally. This alone has been a huge factor in sale barns paying a bit more for feeder calves. Our supply has truly DECREASED. And the consumption market is still decent. Consumers may not be going out to the restaurants, but they are buying beef products by and large in the grocery stores and cooking at home. They may cut back on a summer trip but they are still eating beef. This past week the futures market took a hit. Commodities across the board got hit hard because of Greece. However, the one thing about our commodity is that people need what we sell to survive! You cannot eat Gold, silver, steel, timber, but beef.. it is what's for dinner remember?????? Our market is going to hold its own for a while.... One last thing... the gulf oil spill will drive up the price of sea food significally... The amount of food comming out of the ocean will be effected by this disaster... People will need beef as a substitute. Beef prices are going up boys..... [/QUOTE]
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