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

To: mishedlo who wrote (102113)	9/17/2009 1:41:46 AM
From: jmiller099	Respond to of 116555

Excellent, I had been noticing these items on sale at a frequent rate these days. They're still above the older prices, but not anywhere near the bubbled prices.

To: mishedlo who wrote (102113)	9/17/2009 2:05:31 AM
From: Hawkmoon	1 Recommendation Read Replies (3) \| Respond to of 116555

Some must think so because Dairy Farmers Want Industry Probe. ... Yeah.. hearing the same thing hereabouts in Idaho.. We're a huge dairy state as well (but I guess that wasn't worth mentioning.. ;0) We have a number of 10K size herds in the local area, and quite a few 4k-5k facilities. There are about 12 gallons per hundredweight. At $11.80 per hundred weight, that's less than a $1/gallon collected by the actual producer of the milk. Go to your local grocery store and look at what it costs for a gallon of milk at the retail level. Hereabouts it's STILL in the $3/gallon range, and since the local community is primarily agricultural (read minimum wage), most can't afford to drink much of the stuff, despite the fact that we produce so much of it. Thus, someone's netting $2/gallon in sheer profit (or at least $1.50/gallon) while the dairymen are being screwed. And the suspicion is that it's the creameries that are making the major profit here, and actually represent a near monopolistic presence. The argument is that, were the price of milk to fall to $2/gallon retail, demand for it would increase and support raw milk prices. Hawk

To: mishedlo who wrote (102113)	9/17/2009 10:34:00 AM
From: dave9	Respond to of 116555

There is something to the claims. There are too many milk cows. Ethanol is partially to blame for putting that spike in the cost to feed. facebook.com Vlietstra Dairy Farm LLC: Declining Dairy Prices Costly to West Michigan Farmers ..." "Milk pricing is a complicated procedure," MSU Extension's Krupp said. "It's a product that's very elastic, and what that means is that just a little bit of too much milk can push the price very low and a small shortage can push the price very high." ... Meat is on sale. Last week it was bone-in ribeyes for $5/ pound. (I got three rib-eye 4-6 pound roasts to rotisserie). This week T-Bones for $5/pound. I hoped chicken would go down with a trade was with china but looks like the price will not be affected. If we war with china over chicken we can not dump the chicken feet and will end up with better chicken broth at the store. If we don't war with china over chicken the chicken stock & broth at the grocery store will continue to taste like dishwater. I believe the chinese think we are insane to throw away the feet (and not use them for the broth). Chewy Chicken Feet May Quash a Trade War By CLIFFORD KRAUSS, Published: September 15, 2009 China is threatening to cut off imports of American chicken, but poultry experts have at least one reason to suspect it may be an empty threat: Many Chinese consumers would miss the scrumptious chicken feet they get from this country. . . nytimes.com