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Video: Cattle Market Analysis and Outlook - Derrell Peel
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More alternative facts from the US lol.
US beef cow numbers peaked around 1976 at over 45 million before declining steadily to under 30 million head in 2013. They've now had 3 years of numbers increasing 1.5-2% per year and we're expected to believe that caused the substantial collapse in feeder/fed prices since the fall of 2015.
Price fixing, futures market manipulation, corporate concentration in processing/retailing are behind the price collapse but I guess it's easier to blame the rancher and explain it as simple "supply and demand". The facts don't support that explanation though.
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