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Saturday, July 16, 2011

Cattle Sell-off

(I hope that link shows you all the news headlines about cattle auctions.)

I have heard from several sources that cattle ranchers in Texas are selling off their cattle because of the drought.  That means that there is will be a glut on the market for a short while, and beef prices may go down temporarily.

But beware, because after all those cattle are butchered, there will be a huge shortage of beef, because there won't be many more to sell.

I am going to get a lot of beef and can it in the next fews weeks.

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