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Jan 01

“Speaking of blood sucking parasites, Supply and Demand economics takes a back seat to some good old fashioned profiteering”

Courtesy of the Mad Cow scare, Canadian beef prices at auction plummet from 55 cents/pound to15 cents/pound, but beef prices at your friendly grocer and fast food emporiums remain relatively unchanged.  Perhaps they plan to channel some of those profits back to struggling ranchers …but I don’t think the ranchers or the Government are cownting too much on that.