WB wrote:I don't think you need a Ph.D. To see that cattle feeders are going broke. You can blame whomever but that doesn't change the aforementioned. Not sure where good news is but rising insurance premiums for healthcare doesn't help. Consumers have less to spend on food.
Our country is in sorry shape and most don't even know it yet.
Angus 62 wrote:Largely a load of crap. As WB said cattle feeders have even less market leverage then ranchers selling feeder cattle. The few percentage points increase in fed cattle resulted in a nearly 50% drop in price. For a competitive market place to exist you cannot have things like packer owned captive supply that can kill a market anytime it shows some life.
Faster horses wrote:Maybe producers should unite and have their own packing plant. I don't think that has ever been done, has it? Why not?
As long as we have been in the cattle business, there have been ups and downs. It is that it got so high for a few years, that
now it really hurts. I feel for everyone.
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