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<blockquote data-quote="Nesikep" data-source="post: 1201708" data-attributes="member: 9096"><p>Stocky, I agree with everything you say, except where you say it's more profitable to export because of the higher dollar... I think you meant import? Higher dollar would mean it would mean US beef would cost relatively more in non-US funds, thus you have to lower your price to be competitive, meanwhile, you can buy more beef with your dollar, making it profitable to import.</p><p></p><p>I particularly agree that speculation is the doom of any small and mid size business in the commodities.. the ones that are big enough probably have their fingers in enough pies to make profits either way the markets turn, but for the small guys it can break you... *SOMEONE* made a ton of money during the BSE crisis.. yes, price was a bit cheaper in the store, but it sure didn't reflect the sale barn price of cattle..</p></blockquote><p></p>
[QUOTE="Nesikep, post: 1201708, member: 9096"] Stocky, I agree with everything you say, except where you say it's more profitable to export because of the higher dollar... I think you meant import? Higher dollar would mean it would mean US beef would cost relatively more in non-US funds, thus you have to lower your price to be competitive, meanwhile, you can buy more beef with your dollar, making it profitable to import. I particularly agree that speculation is the doom of any small and mid size business in the commodities.. the ones that are big enough probably have their fingers in enough pies to make profits either way the markets turn, but for the small guys it can break you... *SOMEONE* made a ton of money during the BSE crisis.. yes, price was a bit cheaper in the store, but it sure didn't reflect the sale barn price of cattle.. [/QUOTE]
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