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How Long Will This Market Last?
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<blockquote data-quote="Tim/South" data-source="post: 1074151" data-attributes="member: 17986"><p>Supply and demand is correct.</p><p>When the demand drops like it did last week, the slaughter numbers decrease. It was not long ago that the U.S. processed 650,000 per week. Last week is was back up to 620,000 or so. The week before it was closer to 600,000. Beef prices must remain affordable or the consumer backs away.</p><p>Food stamps went from 30 Billion dollars in 2007 to 70 Billion now. A lot of that 40 Billion increase is buying beef products. The working American public is paying for a lot of free meals.</p><p>The supply is obviously down. The demand does not need to follow.</p><p>The economics are not as simple as us having the smallest cattle herd since 1952.</p><p>The Choice/Select spread and the price of boxed beef regulate the slaughter numbers. Not the supply, but the demand. It takes both.</p></blockquote><p></p>
[QUOTE="Tim/South, post: 1074151, member: 17986"] Supply and demand is correct. When the demand drops like it did last week, the slaughter numbers decrease. It was not long ago that the U.S. processed 650,000 per week. Last week is was back up to 620,000 or so. The week before it was closer to 600,000. Beef prices must remain affordable or the consumer backs away. Food stamps went from 30 Billion dollars in 2007 to 70 Billion now. A lot of that 40 Billion increase is buying beef products. The working American public is paying for a lot of free meals. The supply is obviously down. The demand does not need to follow. The economics are not as simple as us having the smallest cattle herd since 1952. The Choice/Select spread and the price of boxed beef regulate the slaughter numbers. Not the supply, but the demand. It takes both. [/QUOTE]
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