RoperAB said:I still dont think that the price the producer gets has much to do with the retail price.
Happy go lucky said:now at my store there 7.49 a lb sorry not going to happen with a family of 5, can't do er".
agman said:Econ101 said:With all of this said, Agman and SH, why does/did Rod get less for his cows than U.S. producers and if he did get less, and the prices out the packer door was the same, where did the money go?
Another meaningless question from Econ. For starters, he in in Canada and not the U.S. and there is no reason he should get the same price, adjusted for currency valuations, as a U.S. producer unless all factors influencing supply and demand are identical which they are not.
The previous statement renders your remaining question as mute or totally irrelevant.
RM: "In order for beef to compete with chicken on a pure price basis, producers will have to produce and sell live cattle at a lose...THAT IS WHAT YOU ADVOCATE!!!!!!!!! No wonder you are not in the cow/calf business!"
RM: "Do you think packers cutting back on kill numbers had anything to do with cattle backing up in the feedlots?????"
RM: "Why do you have a problem with my post to Fedup2?"
RM: "By the way, the reason people don't like you is because your post are immature and classless...has nothing to do with your positions, just in the way you present them."
RoperAB said:I still dont think that the price the producer gets has much to do with the retail price.
Rod: "Why do you think I said 63% Carcass?"
Rod: "A fat 2 yr old heifer is NOT going to drop from 63% down to 50% carcass."
Rod: "I shipped the 1140 lb fat culls back whenever I wrote that first message."
Rod: "This 1100lber was a first calf heifer that didn't make the cut, so she got fattened and we're eating her. Diffferent animals SH. 440 lbs of hamburger on an 1100 lb animal is 40% PLUS I've got roasts and steaks in there too. Another 50 lbs of meat and I'm up to my 44%."
Rod: "THATS WHAT LIVE WEIGHT SHRINK IS! Live weight - 4%, which is what you would get if you left meat out. Theory is that the packer is therefore only paying for meat, no water in the tissue.
You mean you don't know why auction barns either do 24 hr stands or 4% shrink? I get it. You're the one who doesn't."
Rod: "Now you're saying if they end up 30 lbs less saleable product, which would show up in gross receipts, that they are allowed to deduct that 30 lbs AGAIN in the form of lost value?"
Econ101 said:agman said:Econ101 said:With all of this said, Agman and SH, why does/did Rod get less for his cows than U.S. producers and if he did get less, and the prices out the packer door was the same, where did the money go?
Another meaningless question from Econ. For starters, he in in Canada and not the U.S. and there is no reason he should get the same price, adjusted for currency valuations, as a U.S. producer unless all factors influencing supply and demand are identical which they are not.
The previous statement renders your remaining question as mute or totally irrelevant.
Are you talking the packer selling side of beef or the buying side of cattle, there, Agman?
Rod: "According to SH, 80/20 ground beef is selling at $2.20."
Econ101 said:Lucky and Roper,
I wish I had more hope for what you are going through. We are going to continue to see wage suppression as long as we have free trade agreements that do not address these issues. Our average salaries will continue to be drug down to the lowest common denominator on the globe.
I noticed in the Wall Street Journal today that the Chinese partner of GM will soon be building vehicles that will compete with GM. As you might know, China requires that foreign companies have Chinese partners. It seems GM's Chinese partner has already learned how to build the vehicles. China can build the autos cheaper and out compete GM on labor. We have a trade deficit with China and there have been some rumblings of charges brought to the WTO about China not allowing U.S. to sell auto parts without tariffs.
The real deal with China is that we will allow them to use our technology and their cheap labor so that they can then sell to us cheaper products. Instead of sharing large amounts of that wealth with their populace, keep it in the hands of the few, with govt. controls of course, and then buy our debt so it will not seem like the U.S. overspending is affecting the U.S. economy or interest rates. The Republicans and China both make out. One gets to spend all they want to "buy" elections and the other gets to buy tax liabilities of our children. Meanwhile, the social structure of our economy gets taken down to the global lowest common denominator.
Unfortunately, we are not at the bottom yet. China has a whole lot more cheap labor out there and they can be just as productive with the combination of technology and labor as we are. Heck, our corporations taught them how to do it!
By the way, the richest 1% of Americans own 33.4% of the nation's net worth in 2004. The next 9% held 36.1% of the net worth in the nation making the top 10% owning 69.5% of the net worth in the U.S.
The other 30.5% was held by the bottom 90% of the population.
Maybe the answer isn't in making beef cheaper, maybe it is in making your income greater. I think our politicians have given up on that idea and a lot of people have followed them.
I would not have as much of a problem with trade with China or anyone else if the wealth wasn't being concentrated in the hands of the few. If the Chinese could actually keep more of their money, they could spend it on more of our products. That is how free trade is supposed to work. As it is now, my children and grandchildren will be paying taxes to some rich Chinese families.
Sometimes we have to ask ourselves if our trade negotiators know what the heck they are doing. I think the politicians have it figured out.
agman said:Econ101 said:Lucky and Roper,
I wish I had more hope for what you are going through. We are going to continue to see wage suppression as long as we have free trade agreements that do not address these issues. Our average salaries will continue to be drug down to the lowest common denominator on the globe.
I noticed in the Wall Street Journal today that the Chinese partner of GM will soon be building vehicles that will compete with GM. As you might know, China requires that foreign companies have Chinese partners. It seems GM's Chinese partner has already learned how to build the vehicles. China can build the autos cheaper and out compete GM on labor. We have a trade deficit with China and there have been some rumblings of charges brought to the WTO about China not allowing U.S. to sell auto parts without tariffs.
The real deal with China is that we will allow them to use our technology and their cheap labor so that they can then sell to us cheaper products. Instead of sharing large amounts of that wealth with their populace, keep it in the hands of the few, with govt. controls of course, and then buy our debt so it will not seem like the U.S. overspending is affecting the U.S. economy or interest rates. The Republicans and China both make out. One gets to spend all they want to "buy" elections and the other gets to buy tax liabilities of our children. Meanwhile, the social structure of our economy gets taken down to the global lowest common denominator.
Unfortunately, we are not at the bottom yet. China has a whole lot more cheap labor out there and they can be just as productive with the combination of technology and labor as we are. Heck, our corporations taught them how to do it!
By the way, the richest 1% of Americans own 33.4% of the nation's net worth in 2004. The next 9% held 36.1% of the net worth in the nation making the top 10% owning 69.5% of the net worth in the U.S.
The other 30.5% was held by the bottom 90% of the population.
Maybe the answer isn't in making beef cheaper, maybe it is in making your income greater. I think our politicians have given up on that idea and a lot of people have followed them.
I would not have as much of a problem with trade with China or anyone else if the wealth wasn't being concentrated in the hands of the few. If the Chinese could actually keep more of their money, they could spend it on more of our products. That is how free trade is supposed to work. As it is now, my children and grandchildren will be paying taxes to some rich Chinese families.
Sometimes we have to ask ourselves if our trade negotiators know what the heck they are doing. I think the politicians have it figured out.
Surprise.....Facts versus perception....China is now the third largest importer in the world behind the U.S. and Germany although they are only the fifth largest economy in the world having recently surpassed France. They in-fact are beginning to suffer from labor shortages and upward pressure is building on wage rates.
RobertMac said:HGL said:"I haven't bought anything other than 80% ground in awhile, I can not afford to spend 5.00/7.50 per lb on steak to feed a family of 5, when I can get chicken on sale for .99 a lb or buy pork loins at sams club for 1.88 a lb."
SH said:Right there it is in black and white from a consumer's perspective.
$.99 per pound chicken. My wife says the same thing you just said Happy. That is what the cattle/beef industry is facing.
In order for beef to compete with chicken on a pure price basis, producers will have to produce and sell live cattle at a lose...THAT IS WHAT YOU ADVOCATE!!!!!!!!! No wonder you are not in the cow/calf business!
SH said:When feeders back up cattle in the feedlot and add tonnage, the prices go down.
Do you think packers cutting back on kill numbers had anything to do with cattle backing up in the feedlots?????
Why do you have a problem with my post to Fedup2?
By the way, the reason people don't like you is because your post are
immature and classless...has nothing to do with your positions, just in the way you present them.
Econ101 said:packerland said:What has happened? Try worrying about what's GOING to happen. If live prices stay above the '70s this summer you guys are going to be lucky. Feeder contracts are now below a buck for the first time in FOREVER. Looks like we're finally getting back to sensible markets, no thanks to R-CALF and the Protectionists. All we had to do was try to keep markets sane but nooooo... the feeders wanted the world. We killed off demand and are now looking at a big 'ol glut in supply. Here's a hint, the exports aren't the main problem.
You better watch the substitutes (Tyson's chicken).
Swing the markets and then blame it all on the feeders.
Now I have heard it all.
It is getting time to compete in the chicken industry and have a little more concentration over there. Packer politics is paying off.
agman said:Econ101 said:packerland said:What has happened? Try worrying about what's GOING to happen. If live prices stay above the '70s this summer you guys are going to be lucky. Feeder contracts are now below a buck for the first time in FOREVER. Looks like we're finally getting back to sensible markets, no thanks to R-CALF and the Protectionists. All we had to do was try to keep markets sane but nooooo... the feeders wanted the world. We killed off demand and are now looking at a big 'ol glut in supply. Here's a hint, the exports aren't the main problem.
You better watch the substitutes (Tyson's chicken).
Swing the markets and then blame it all on the feeders.
Now I have heard it all.
It is getting time to compete in the chicken industry and have a little more concentration over there. Packer politics is paying off.
Yes sir Econ, another conspiracy is born in your infant mind.
agman said:Do you think slow beef sales because of competitive meat supplies and high energy prices had anything to do with the backlog of cattle. Have you also considered a poor fat/feeder swap and cheap feed. No, those things don't count they are just imaginary! Reality does not fit those who believe in market manipulation and/or conspiracies.
Are you not the one who believes we can produce all our own lean product and be competitive doing so?
Agman said:All the money that flows to an industry and to producers is a derivative of consumer spending. The sooner producers learn that basic fact the sooner they will get involved to better this industry and sustain it for future generations. An industry or company that is not growing demand is an industry headed for extinction-ask GM. The market knows no names nor does it know size. The future of this great industry is dependent upon growing demand, not lawsuits.
Agman said:Are you not the one who believes we can produce all our own lean product and be competitive doing so?
SH said:I could care less what anyone on the forum thinks of me.