John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (9325)	5/6/2008 1:59:33 PM
From: Oral Roberts	Read Replies (1) of 33421

on a personal note, I have been getting incredibly great buys on chicken, steaks and pork cuts from Randalls here in Houston. It's got to be due to the early harvesting of these herds and animal stocks that are too expensive to feed. We should be expecting all retail meat prices to double by this time next year. Not a chart reader or real educated guy John but I'm pretty in tune with the ag market having farmed a good share of my life and having relatives that still do. You are getting your good buys for the exact reasons you've stated. To be honest I wouldn't put a triple by next year on meat out of the question. Tyson is closing plants saying they can't afford the feed. Feed lots are emptying out and next years stock is being butchered now even though they are just feeder size. This will get very ugly IMO. Our days of cheap oil and food are over.

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