Another Indication Beef Prices are Headed Much Higher
Joshua McCloud emails:
I visit your website daily, and thought that, given your prediction of higher meat prices this year, you'd find the following article particularly interesting:
http://amarillo.com/news/local-news/2013-01-17/cargill-lay-2000-plainview
To summarize, as a result of the ongoing drought 'round these parts, Cargill is going to lay off 2,000 employees that work at its beef processing plant in Plainview, Texas, and close the plant indefinitely. For some context, Plainview is a small West Texas town with a population of just over 22,000, according to Google.
I think even if beef prices hike up, there won't be much difference in terms of sales because we have to admit, a large percentage of consumers are into meat products. I don't think ham, bacon and burgers will go out of business.
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