Cattle profits will come

The Stock Market has overshadowed all else in the U.S. economy, so basic supply-and-demand fundamentals at work in industries like the cattle business are not currently reigning.

This is about to begin, in the next few weeks, because cattle supplies are very tight, and falling. Whether you're talking feeder cattle, calves or the shrinking U.S. cowherd--the numbers are all down, and falling.

U.S. and world beef demand may have leveled off some, but is still more than strong enough to support available beef supplies. Without the U.S. economic debacle, the beef industry was poised for a very good year, indeed. The ducks were in a row, and they still are.

As the U.S. adjusts and gets comfortable with the new economic math, and with the new Obama administration, the cattle business will return to basics.

And the basics are in line for several very good years in the cattle business.

I can hardly wait.