Re: What is causing all the low prices and sluggish sales

Posted by oldtanker on October 13, 2015 at 08:00:29 from (64.118.3.19):

In Reply to: What is causing all the low prices and sluggish sales posted by jocco on October 13, 2015 at 05:59:44:

Grain prices are down because there were bumper crops and over production because when prices went so did the number of acres planted leading to more overproduction. Couple of places near me were swamped are corn with guys selling 1-2 year old crops out of their bins. They are piling it outside already and the only corn harvested here so far is high moisture stuff for feed.

Beef prices kinda surprise me. I figured that they would stay up for at lease another year. But we do import beef. That will affect prices too. Did they allow more in? Or is demand down because of prices in the store?

As far as workers and pay? If company A produces an item and the cost of production is 1 dollar and company B can import that item for 50 cents company A has to either move offshore or cut production cost. It's the cost of a global economy and the growing pains that goes with it.

rick

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