Monday, June 02, 2003

invisible hand
So US beef prices have gone up in response to the canadian mad cow. Whether or not that makes sense [hint: not], these numbers are instructive:
wholesale beef prices have risen from $142 per cwt. to $148 per cwt., a near-record, while packer beef cut-out margins have climbed from $44 per head to over $100 per head.
Ranchers get $6 a head, packers $66.

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