Rocketing values for cattle in Brazil anticipate ‘beef prices will remain high’

Wednesday, June 8th 2011 - 23:03 UTC

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World beef prices look set to stay high long term given the rocketing prices of raising cattle in Brazil, and the lack of an obvious successor as the world's low-cost producer. Read full article

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Fido Dido
Rabobank (a dutch bank specialized in Agriculture) knows why beef prices will remain high. To bad, or perhaps Mercopress left it out, I don't know, Rabobank doesn't explain that beef prices (like many other commodities) are priced in Dollars and it's really the decline of the dollar that's driving the action. Beef is a commodity that's priced in dollars that is falling + it's in high demand by foreigners who pay in dollars, the producer must raise it's prices to break even/make a profit (before he swaps into his own currency that is gaining against the dollar). One of the solutions is trade outside the US dollar, don't accept any transactions in US dollars anymore, that is being manipulated by the FED to keep US exports “competative”. Of course, they aren't serious about that either, thanks to more regulations created by their friends in DC that works against US businesses. What they really doing is..as you know, help their speculator banksters (by keeping interest rates close to zero and more printing QE1,2, 3 etc etc all those stimulus packages, you name it) and the rest can eat virtual beef on Farmville or wherever. Conclusion, Rabobank (who also received free money from the FED through the bailout of AIG...http://www.rense.com/general85/own.htm) knows that QE3 is comming what will keep commodities (beef) high.
Jun 09th, 2011 - 12:51 am - Link - Report abuse 0
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