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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (83467)8/20/2008 12:19:05 PM
From: JimisJim  Read Replies (4) | Respond to of 116555
 
Meat (esp. beef) is artificially cheap right now because cattle operations are selling off more of their herds than usual to reduce feed input costs... they are flooding the market with beef right now... around Sept./Oct. look for beef prices to begin soaring as the excess beef is sold and supply decreases steadily over the next 6-9 mos. at least -- or until there is clear indication that the corn ethanol movement is over.

Jim