By: Luke Schwieterman In Econ 101 we learned that inflation is too many dollars chasing too few goods. That seems to define the commodity market at the current time. Supply is unable to keep up with demand. In the US, beef imports are lower and exports are higher. USDA just released the import/export report for February (this report is delayed two months). Imports for February were…Read More
By: Luke Schwieterman Cattle continue their trek higher as this week’s trade began at $111 ($5.00 more than last week) being paid at feedlots. The squeeze between imports and exports continues with December beef imports down 23.7 percent over last year and exports up 31.5 percent. As we discussed in the last article, this shift in supply and demand is helping keep beef prices higher along…Read More
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