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<blockquote data-quote="preston39" data-source="post: 155502" data-attributes="member: 1487"><p>dun...,</p><p></p><p>I too share your concerns. But, what is the alternative for someone entering the industry? No one is going to sell them an animal at 50% or less of the current market so they can get started.</p><p></p><p>Certainly a newcomer should go slow and have a viable backup plan.....if there is such animal....for a market downturn or demand change. Also, be cautious in taking on to much debt. We must watch for early signs of the market changing...such as the imports from north and south impact on supply and demands.</p><p></p><p>Anyone who is not aware of what happened to hog prices just a few years ago better get up on the news. I saw a pin of 200-250# hogs on I-57 up in Illinois with a sign on the fence ..."05 per pound..if you please..otherwise you can have them". That industry can be saturated with production increases much faster than the beef industry. Since 1996 we have lost over 100,000 beef producers in this country...per an RFD tv commentary.</p><p></p><p>Could that happen to beef? Yes, but I don't think it will in the next few years as long as mickey-dee keeps cooking and Opra doesn' decide that a new diet fad...excluding beef... is the way to go. :lol:</p></blockquote><p></p>
[QUOTE="preston39, post: 155502, member: 1487"] dun..., I too share your concerns. But, what is the alternative for someone entering the industry? No one is going to sell them an animal at 50% or less of the current market so they can get started. Certainly a newcomer should go slow and have a viable backup plan.....if there is such animal....for a market downturn or demand change. Also, be cautious in taking on to much debt. We must watch for early signs of the market changing...such as the imports from north and south impact on supply and demands. Anyone who is not aware of what happened to hog prices just a few years ago better get up on the news. I saw a pin of 200-250# hogs on I-57 up in Illinois with a sign on the fence ..."05 per pound..if you please..otherwise you can have them". That industry can be saturated with production increases much faster than the beef industry. Since 1996 we have lost over 100,000 beef producers in this country...per an RFD tv commentary. Could that happen to beef? Yes, but I don't think it will in the next few years as long as mickey-dee keeps cooking and Opra doesn' decide that a new diet fad...excluding beef... is the way to go. :lol: [/QUOTE]
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