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Non-Cattle Specific Topics
Every Thing Else Board
US to buy meat..............
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<blockquote data-quote="ChrisB" data-source="post: 1626805" data-attributes="member: 122"><p>How will that help those that were directly affected by the drop in market prices due to covid-19? Cash cattle dropped from around $1.20 to $0.85 in 2 weeks. The government buying beef in the future does absolutely nothing. Even if they wanted to buy beef today, that would only allow the packers to raise the price as the demand for beef is strong. There is a backlog of fat cattle and the bottleneck is at the packers due to shutdowns. Government buying beef will not help with that. We can't even get a bid on our cattle this week and have payments due along with needing to purchase seed and fertilizer.</p><p></p><p>Edit - In looking into this more, it appears this is a separate deal than the money that was targeted to directly help farmers and ranchers. So I suppose this is a good deal for everyone but tax payers. If we can get packers running at full strength maybe it will mean a little higher prices.</p></blockquote><p></p>
[QUOTE="ChrisB, post: 1626805, member: 122"] How will that help those that were directly affected by the drop in market prices due to covid-19? Cash cattle dropped from around $1.20 to $0.85 in 2 weeks. The government buying beef in the future does absolutely nothing. Even if they wanted to buy beef today, that would only allow the packers to raise the price as the demand for beef is strong. There is a backlog of fat cattle and the bottleneck is at the packers due to shutdowns. Government buying beef will not help with that. We can't even get a bid on our cattle this week and have payments due along with needing to purchase seed and fertilizer. Edit - In looking into this more, it appears this is a separate deal than the money that was targeted to directly help farmers and ranchers. So I suppose this is a good deal for everyone but tax payers. If we can get packers running at full strength maybe it will mean a little higher prices. [/QUOTE]
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US to buy meat..............
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