The thing that really hurts is that we had just bought some bred heifers, at a pretty steep price, when the bottom started falling out. They'll be old cows before we ever get our money back out of them. I guess I wouldn't mind the price drop so much, if prices in the grocery stores would follow suit. Now, I've heard people say that it takes a long time for those prices to come down, but that's something I've never really believed.
Yeah, I hear ya.
Hamburger is still $5 a pound, which is what it went to during the very highest of cattle prices a year and a half ago. It's come down very little...
The beef market from kill prices to full replacement of the beef in storage for retail sale is 10 days to 2 weeks.
Someone is making a killing...
