@leereichmuth As long as there is speculative trading the cattle industry will be a long term zero sum game. Funds make money going both directions. If you let someone who does not produces or consume participate in price discovery the producer will work for free most the time.
@MillerForTexas They are also like most government employees entitled and rude. They could not act the same way in the private sector and keep their job.
@MarketMinuteLLC We have an elastic supply that met demand with less cattle. The herd rebuild has started and we have too many dairy cows. One year from now the odds are high we will have considerably more supply available than today. Maybe we forget how to feed them to 2000 lbs.