With beef consumption down, we have been seeing incredible deals on choice and prime beef. The freezer deals from packers have been incredible, almost too good to be true. But that is comeing to a rapid close.
Packers have cut back slaughter in order to regain balance with demand. At the same time the feed lots are trying to regain value by raising costs to offset the declining number of cattle they are feeding.
As the tightening of product increases, simultaneous to the increase in prices of cattle from the feeders coverge we will see the market shoot up begining as early as next week.
Stay tuned for more info as available!