Posted on 11/21/2015 11:40:43 AM PST by jjotto
[Excerpt and link]
...Live-cattle futures for December fell 3 cents, or 2.3%, to $1.27675 a pound, after declining 3.1% over the past week on the Chicago Mercantile Exchange. Cattle futures for February were also limit-down, dropping 2.3% to $1.2965 a pound. Feeder-cattle futures for November fell 2.775 cents to $1.7230 a pound. Other feeder-cattle futures were limit-down...
...December lean hogs fell 3 cents, or 5.5%, to 51.80 cents a pound, a fresh six-year low...
(Excerpt) Read more at nasdaq.com ...
Weakened demand or supply finally edging back up?
CC
I remember when coffee opened limit down for 2 or 3 days in a row when Brazil I think it was had a deep freeze. a couple of percent sounds like a small limit down. I would figure 6 or 7%.
Do you mean limit up?
Cattle prices are around three-year lows, and are expected to decline until at least 2017. It’s a long-term trend, not just a blip.
Beef has been so bizarrely expensive for so long that I can’t help but view this as a positive, although it’s probably signaling economic weakness.
A)The customer paying $12.00 per pound?
(or)
B) The dumpster which gets it after no sane person will pay that much for it?
MMMMMMMMM! Bacon. And bacon grease for lubing some ammo.
Both, along with lower feed grain costs.
Yes!!!!!
I want to say 1992 or 1993 because I was around 24 25. Doesn’t really matter now lol. I’ve been making some money catching bounces off resistance and support on Forex. Anybody have any ideas about the long-term dollar vs. everything else.
The farmer is not getting the cost benefit. I suspect the global warming cult is lobbying to keep meat prices ridiculously high to curtail public consumption and eventually public long term buying trends.
Funny thing is that it takes a larger global footprint to eat vegan than to consume an omnivorous diet. I read once that pound for pound, lettuce is four times more polluting and carbon intensive than a pound of beef.
I remember beef.
YEA! YEA! YEA! And yes I am shouting.
I occasionally splurge and have a steak every now and then, family birthdays and such, but what I’d regard as an inferior cut pushing $20.00 in a restaurant is just too much. They cost as much from the butcher now as they did not so long ago at that same restaurant.
Didn’t Hillary make her money in cattle futures????
I buy bacon and pork steaks at Aldi. Excellent! Their thin sliced pork is the best.
Maybe limit down for days trading but $1.27675 a pound is still some high-priced beef.
Beef is nothing compared to lamb—whatever happened to the price of that?
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