Non-price factors are very important for the beef market.
Non-price factors are very important for the beef market.
Non-price factors are very important for the beef market.
Got it?
That’s the take-home message analyst Jerry Klassen wants you to get from the presentation he’s giving right now.
He said something interesting and revealing about cattle feeding economics just now: he doesn’t provide long term farm cattle feeding profit calculations anymore, because it’s too depressing. Over the long run, people have generally lost money. He’s worried that today’s high prices are sucking in lots of little producers who think they can make lots of money from finishing cattle, and while they might be able to make money now and for a while, sooner or later the old pattern will reassert itself and those producers will be losing money.
