Live/ Feeder cattle should start adjusting 25%
or more higher in price due
to higher input costs... https://finviz.com/futures.ashx
Which would be a cost adjustment
needed by cattle ranchers/producers...
Most beef price rise to date
has been on the part of the
wholesale and retail group
controlling the markets now...
Higher feed costs due to massive
rise in fertilizer costs now being
paid for by cattle producers will
now need to be paid for by consumers...
Price rise in beef at retail will
be a slow rise process over months...
Prices don't just jump all of
sudden like the nutty commodity
trading floors have been creating
in those items they trade...
So we watch...LJ