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<blockquote data-quote="Oldtimer" data-source="post: 213886" data-attributes="member: 97"><p>I don't know anything about corn or ethanol- but I do know the price of cattle is going south--Too much supply for demand with all the imports from Canada, Mexico, Australia, etc...--especially with few export markets reopened...USDA's failure to enact the M-COOL law does not give consumers the option to buy USA product and allows the multinational Packers to import cheap beef and pass it off as a US product- and lower the prices given to US producers.....USDA's total mishandling of the Creekstone situation and the Japanese export fiasco is adding to it.......</p><p></p><p>Unless something comes up to close off the imports or quickly reopens our export markets--Slaughter cattle will dip down into the $60's before the summer is over-- feeder calves will be at least $10 to $20 off last years prices maybe more if corn and feed prices really shoot up...</p></blockquote><p></p>
[QUOTE="Oldtimer, post: 213886, member: 97"] I don't know anything about corn or ethanol- but I do know the price of cattle is going south--Too much supply for demand with all the imports from Canada, Mexico, Australia, etc...--especially with few export markets reopened...USDA's failure to enact the M-COOL law does not give consumers the option to buy USA product and allows the multinational Packers to import cheap beef and pass it off as a US product- and lower the prices given to US producers.....USDA's total mishandling of the Creekstone situation and the Japanese export fiasco is adding to it....... Unless something comes up to close off the imports or quickly reopens our export markets--Slaughter cattle will dip down into the $60's before the summer is over-- feeder calves will be at least $10 to $20 off last years prices maybe more if corn and feed prices really shoot up... [/QUOTE]
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