Quote:
Originally Posted by ghak99
No one is talking about this. Which is a tell in itself, but it's hard to sort it all out. Everyone seems to believe they can keep the spout flowing just enough to keep the pool from going dry.
It's often easier to read their actions than their words though. The pack pulled all of their owned and contracted inventory forward in the last month. Some of those animals were 2-3 months out, which makes it basically unheard of. Meanwhile, they left independent producers out in the cold and weren't even offering bids. That alone tells me they were scared shitless that it would all come to a full stop very soon. Now that they've mitigated their risk, they're suddenly worried about their workers. How convenient.
Right now, 1 out of 4 steers isn't getting killed that should be. That's pretty basic math that anyone can run with. It depends on the region, but it can take 7-14 days to go from hoof to meat case.
I'd also like to mention they are making record profits on the product they're shipping out while producers are preparing for record losses. The US has an oligarchy issue that's influenced by a corrupt multinational company that they need to deal with after this mess clears out.
|
So is it inevitable that all the plants end up shut down at some point?