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Anonymous
Guest
Conman: "Agman's "theory" of a shift in demand is just that. I have already posted at least 2 sources that quote "tight supplies" by economists in the field but there are many, many others. "Demand shifts" are convienient scapegoats for the effects of the abuse of market power that Pickett showed."
Conman, you are in way over your head. Don't forget, you are the idiot that thinks prices cannot go up unless supplies come down. As if the amount of money consumers have to spend on beef never changes.
Nobody said tight supplies didn't lead to higher prices but supplies is only half of the supply and demand equation. The demand side of the equation is what consumers are willing to pay for your product. For instance, when the flat iron steak was taken out of either the chuck or the round it increased consumer demand for that product because consumers started paying middle meat prices for a product that used to recieve ground beef prices. THAT HAS NOTHING TO DO WITH TIGHT SUPPLIES. Same thing with the 10 minute microwavable products from the chuck and round that used to sell at ground beef prices. Same thing with the popularity of beef jerky. Priced any beef jerky lately? Beef is priced to clear the hurdle. Retailers raise or lower the price of beef to receive the highest price they can and still move the product because THEY SELL IT OR THEY SMELL IT. Beef prices have to be priced relative to competing meats. The price beef receives at the retail meat counter is based on the value of that product to consumers relative to competing meats. This in turn determines the price of boxed beef and what packers are willing to pay for fat cattle. Supplies is only one half of the supply and demand equation.
You get the "dumb sh*t of the year" award for your crazy statement indicating that the price can't go up unless the supplies come down. It's one thing to not understand an issue. It's quite another to think you know everything when you don't know anything. That's why you receive the treatment you do.
Pickett never proved market power. The Judge stated no violation of the PSA and the 11th circuit upheld that decision. YOU PACKER VICTIMS LOST, get over it.
Conman: "Packers manipulate the prices paid to producers and therefore force consequences on the supply in the market whenever it fits their needs. They don't ever have to do it. They don't always do it. It is only when it fits their needs. I am glad you are finally starting to understand that concept."
Packers can't manipulate the markets because they are in competition with other packers for the same cattle. The market manipulation conpsiracy theory is nothing more than bullsh*t! You couldn't prove it in Pickett and you can't prove it here.
Conman: "Agman's theory and his posting of it on this site shows anyone who has an economic background that he is a fraud. Sorry to burst your little hero's bubble, SH."
Hahaha!
You are the biggest fraud on this site and most everyone has got it figured out. You are not qualified to bring Agman a drink of water. If you weren't such a complete phony, you'd enter into the debate with him and disprove his demand theorys. Nah, you can't do that because it would reveal what a complete phony you are so you sit on the sidelines and lob grenades like the spineless coward you are.
~SH~