Sw mn | Cornstalk1 - 5/30/2023 18:08
The inelastic demand curve that drives this market makes for an unpredictable roller coaster for both the feedlot operator and cow calf producer.
When pigs are as cheap as they are today, the cattle market at the grocery store is elastic.
Pork ribs at $2.99 and t bones at $16. Lots of people, me included, buy the ribs. One way I feed a family of 4 for $20 with sides the other I split a steak amongst 2 people. |
Livestock market
