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Re: High fuel, I love it.
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Posted by Cmore on March 10, 2007 at 08:05:39 from (74.141.164.203):
In Reply to: Re: High fuel, I love it. posted by RWWisehart on March 09, 2007 at 08:25:47:
It works like this. Corn at 4 bucks. Thus, no profit in feeding cattle. Thus, hugely reduced placements in high plains feedlots where most cattle are fed. In fact, placement down 40 last few weeks. Thus, fewer fat cattle down the road. Thus, fewer fat cattle, higher prices, due to high priced corn that reduced the placements in the first place!! Cmore
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