But beef prices are at record highs right now. So it becomes a wash even if corn were high now, which it is not. Corn was higher in 1996. Over $5 a bushel. Keep in mind that the U.S. dollar has lost 28% of its value in the last decade. You cannot just point to something and say it was a direct result of this other thing.
Friday's market price, beef on hoof... $144 average trade. Corn avg.. $4.52
Market price, Dec 2000, beef on hoof... $77.50 average trade. Corn avg 12/2000... $2.80
Again, please don't try this at home. Vilsack, is in fact the Sectretary of the DOA, but he is a lawyer by trade from Burlington, Iowa and has not worked on a farm or been in farming in his life. He was a lousy governor. He was appointed by Obama as a political favor. If beef producers are losing money, it is more a reflection on their operation than feed prices. Beef prices have doubled in 14 years, while corn has done less than that. When you factor out the loss in the value of the dollar, things are not nearly as bad as the chicken little society would have folks believe when it comes to food and prices. It is an amateurish attempt to demonize something they don't like.
It is one thing to not like something, and then refuse to buy it. It is quite another to not like something and then demonize it and the people who do like it. My primary emphasis in college was hard science and mathematics, so I am unqualified to provide sound psychiatric advice to folks who exhibit such paranoia.
Friday's market price, beef on hoof... $144 average trade. Corn avg.. $4.52
Market price, Dec 2000, beef on hoof... $77.50 average trade. Corn avg 12/2000... $2.80
Again, please don't try this at home. Vilsack, is in fact the Sectretary of the DOA, but he is a lawyer by trade from Burlington, Iowa and has not worked on a farm or been in farming in his life. He was a lousy governor. He was appointed by Obama as a political favor. If beef producers are losing money, it is more a reflection on their operation than feed prices. Beef prices have doubled in 14 years, while corn has done less than that. When you factor out the loss in the value of the dollar, things are not nearly as bad as the chicken little society would have folks believe when it comes to food and prices. It is an amateurish attempt to demonize something they don't like.
It is one thing to not like something, and then refuse to buy it. It is quite another to not like something and then demonize it and the people who do like it. My primary emphasis in college was hard science and mathematics, so I am unqualified to provide sound psychiatric advice to folks who exhibit such paranoia.