Re: Composite and Boxed Beef is at New Record Highs, by
Quite a Ways.
WOW...kinda Positive spread for the Packers.
say $261.50 cwt composite and boxed as of Thursday ( likely another 2 to $3cwt higher today too ).
heck there's right at $225 per head net positive margin on the original cattle purchase now ( and process margins are a bunch more 2, just add another $1,200 per ).
heck why should 4 packers share that back to a fat cattle producer?
( I doubt I would )
heck export it all...no tax on export sales when that is structured right.