The real concern is that it is spreading. We have not been able to put the fire out yet, and to think we can sit here isolated, you would have to be naive.
Lower feed costs. That will be good news for your ranchers and dairy farmers.
Historically, the public has had their ear closer to gold and silver, but I do think that with the advent of index funds, the pitch is out there, and people are viewing the commodities like grains as an alternative investment.
It gives another reason for both of those countries to go slower rather than faster on opening the market.
I think domestic demand will hold up as long as we don't have a series of cases pop up.
We have to remember that markets historically move on inflationary concerns and in 1979, '80 and '81 the inflationary psychology was a market-mover.
With our farmers here in the U.S., there has been a pretty good movement over the winter. It seems like producer sales are slow, so you're really reliant on South America.
We seem to be on pins and needles with energy.
There's just a lot of poultry out there.
Apparently our genetics have come a long ways, because we sure didn't have the moisture to support these kinds of yields.
It's like you're at an auction and no one wants to buy anything.
The consumer will eat some protein, moving to the one he thinks is the safest.