L.A. packing plant going down.

Shorty Blackwell said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

Jonathan Ball said:

Quoted message said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

This is true. Beef production in Texas is going through the roof. One of the biggest reasons is the
popularity of low-carb dieting. Low-carb dieting is also to blame for the surplus of products like
frozen-concentrated orange juice. Take a look at FCOJ futures.
futures.tradingcharts.comMOpen ↗

Here's the live cattle chart: futures.tradingcharts.comMOpen ↗

"Jonathan Ball" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Shorty Blackwell said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

Wrong. Higher beef prices is due to decreased supply, not increased demand. The U.S. currently
doesn't import Canadian beef because BSD was discovered in a Canadian herd.

usual suspect said:

Jonathan Ball said:

Quoted message said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

This is true. Beef production in Texas is going through the roof. One of the biggest reasons is
the popularity of low-carb dieting.

That's exactly right. I thought I saw a story about that in the L.A. Times yesterday or the day
before, but it must have been elsewhere; I *know* I saw the story, just don't remember where.

Quoted message said:

Low-carb dieting is also to blame for the surplus of products like frozen-concentrated orange
juice. Take a look at FCOJ futures. futures.tradingcharts.comMOpen ↗

Here's the live cattle chart: futures.tradingcharts.comMOpen ↗

C. James Strutz said:

"Jonathan Ball" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Shorty Blackwell said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

Wrong.

No, right.

Quoted message said:

Higher beef prices is due to decreased supply, not increased demand.

It's both, dumbo:

Diets can't take all the credit for the increase. A mad-cow disease scare closed off the
Canadian supply, so steak distributors worldwide turned to the U.S. market, where there were no
reports of the sickness. The two countries are the major suppliers of grain-fed beef, which
consumers prefer to grass-fed beef. Droughts around the United States also have thinned cattle
herds, so supply is down.

"But that gets you 2 or 3 or 4 cents on the pound, that doesn't get you 20 or 30 or 40,' said
Gregg Doud, chief economist for the National Cattlemen's Beef Association . ***"That comes from
predominantly domestic demand. That's steak orders from restaurants."*** [emphasis added]

pasadenastarnews.com0,1413,206~11848~1771056,00.htmlOpen ↗

There is a demand element at work: People are eating more beef, despite the higher prices.

C. James Strutz said:

Wrong. Higher beef prices is due to decreased supply, not increased demand.

I can attest that beef production is increasing to keep up with *demand*.

Quoted message said:

The U.S. currently doesn't import Canadian beef because BSD was discovered in a Canadian herd.

The affected cow was detected in May. The ban on Canadian beef has only marginally affected futures.
Prices rose briefly, then fell during the summer (when, ironically, there are usually MORE barbecues
and cookouts). Futures have rallied heaviest in the last four months:
futures.tradingcharts.comMOpen ↗

C. James Strutz said:

"Jonathan Ball" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Shorty Blackwell said:

Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

Wrong. Higher beef prices is due to decreased supply, not increased demand. The U.S. currently
doesn't import Canadian beef because BSD was discovered in a Canadian herd.

Wrong. It was a single cow.

There is no reason to keep that trade ban on beef. Just like Canadian lumber.

-- Blue

Jonathan Ball said:

Quoted message said:

Quoted message said:

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

This is true. Beef production in Texas is going through the roof. One of the biggest reasons is
the popularity of low-carb dieting.

That's exactly right. I thought I saw a story about that in the L.A. Times yesterday or the day
before, but it must have been elsewhere; I *know* I saw the story, just don't remember where.

pasadenastarnews.com0,1413,206~11848~1771056,00.htmlOpen ↗

Jonathan Ball said:

usual suspect said:

Jonathan Ball said:

> Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

This is true. Beef production in Texas is going through the roof. One of the biggest reasons is
the popularity of low-carb dieting.

That's exactly right. I thought I saw a story about that in the L.A. Times yesterday or the day
before, but it must have been elsewhere; I *know* I saw the story, just don't remember where.

This is the story: biz.yahoo.comhigh protein profits 1.htmlOpen ↗

Quoted message said:

Quoted message said:

Low-carb dieting is also to blame for the surplus of products like frozen-concentrated orange
juice. Take a look at FCOJ futures. futures.tradingcharts.comMOpen ↗

Here's the live cattle chart: futures.tradingcharts.comMOpen ↗

Jonathan Ball <[email hidden]> wrote in message news:<[email hidden]>...

Quoted message said:

I thought I saw a story about that in the L.A. Times yesterday or the day before

Sunday's Times. 🙂

"BlueHeron" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

C. James Strutz said:

"Jonathan Ball" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Shorty Blackwell wrote:

>Good news: Los Angeles' last standing beef packing plant is considering closing it's doors. 🙂

Doesn't mean anything; Tyson and Swift have plenty of spare capacity.

Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to an
increase in supply in just a few years.

Wrong. Higher beef prices is due to decreased supply, not increased

demand.

Quoted message said:

Quoted message said:

The U.S. currently doesn't import Canadian beef because BSD was

discovered

Quoted message said:

Quoted message said:

in a Canadian herd.

Wrong. It was a single cow.

A single cow, imported with a herd from the US.

Quoted message said:

There is no reason to keep that trade ban on beef. Just like Canadian lumber.

Surprisingly, the beef prices didn't change in Canada, though the packing plants made a "killing"
due to the liquidation prices they were buying the beef at.

usual suspect said:

Jonathan Ball said:

Quoted message said:

> Demand for beef is rising, leading to higher prices. The higher prices, in turn, will lead to
> an increase in supply in just a few years.

This is true. Beef production in Texas is going through the roof. One of the biggest reasons is
the popularity of low-carb dieting.

That's exactly right. I thought I saw a story about that in the L.A. Times yesterday or the day
before, but it must have been elsewhere; I *know* I saw the story, just don't remember where.

pasadenastarnews.com0,1413,206~11848~1771056,00.htmlOpen ↗

That would be it exactly: I subscribe to the Star-News.

Shorty Blackwell said:

Jonathan Ball <[email hidden]> wrote in message
news:<[email hidden]>...

Quoted message said:

I thought I saw a story about that in the L.A. Times yesterday or the day before

Sunday's Times. 🙂

for beef going up.