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Livestock
Livestock & Forage
Cost of Beef
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<blockquote data-quote="Walterp" data-source="post: 218638" data-attributes="member: 321"><p>People aren't making a profit because they've cut their costs - they are making a profit because the price has tripled in fairly short order due to shortfalls in supply, coordinated by EU policy that transferred ag income support from headage payments to the SFP.</p><p></p><p>The beef cycle being what it is, it'll take years to get back to market equilibrium. As I understand the pig cycle, it's a conventional analysis, but of course with no guarantee that the industry <em>does</em> recover its equilibrium.</p><p></p><p>I'd regard it as being coordinated by Adam Smith...</p></blockquote><p></p>
[QUOTE="Walterp, post: 218638, member: 321"] People aren't making a profit because they've cut their costs - they are making a profit because the price has tripled in fairly short order due to shortfalls in supply, coordinated by EU policy that transferred ag income support from headage payments to the SFP. The beef cycle being what it is, it'll take years to get back to market equilibrium. As I understand the pig cycle, it's a conventional analysis, but of course with no guarantee that the industry [I]does[/I] recover its equilibrium. I'd regard it as being coordinated by Adam Smith... [/QUOTE]
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Cost of Beef
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