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<blockquote data-quote="Jabes0623" data-source="post: 1244364" data-attributes="member: 23051"><p>You're taking far too narrow a view. The outside factors that influence the price of any commodity are so numerous one could never account for them all. </p><p></p><p>You mentioned the drought in CA. What if that drought moves East & the entire Midwest is also drought stricken for years? Do you know how much it's going to rain in Iowa in 2018? </p><p></p><p>What about the import/export of beef? If the USA stops importing beef from a few countries that will have a dramatic effect on the price of beef. The same is true if a couple of countries no longer import American beef. The reasons for either of those actions are many disease, war, trade embargo, another Obama EO etc etc. </p><p></p><p>There's no way you, I, or the person running the seminar the OP went to can possibly accurately predict the price of beef 1,2,3 or 10 years from now becasue they don't have the information needed to do so. No one does becasue you can't predict the future, unless your Ms Cleo.</p></blockquote><p></p>
[QUOTE="Jabes0623, post: 1244364, member: 23051"] You're taking far too narrow a view. The outside factors that influence the price of any commodity are so numerous one could never account for them all. You mentioned the drought in CA. What if that drought moves East & the entire Midwest is also drought stricken for years? Do you know how much it's going to rain in Iowa in 2018? What about the import/export of beef? If the USA stops importing beef from a few countries that will have a dramatic effect on the price of beef. The same is true if a couple of countries no longer import American beef. The reasons for either of those actions are many disease, war, trade embargo, another Obama EO etc etc. There's no way you, I, or the person running the seminar the OP went to can possibly accurately predict the price of beef 1,2,3 or 10 years from now becasue they don't have the information needed to do so. No one does becasue you can't predict the future, unless your Ms Cleo. [/QUOTE]
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