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| Some reports suggest consumption worldwide for red meat will increase dramatically. That being said, cattle prices will follow grain. Even if that isn't true, the laws of supply and demand will correct the situation to eventually adjust for increased feed prices due, in part, to emotional decisions from some livestock producers.
That very thing has already happened to a degree in the poultry industry. I.E. more grower pay.
I can't see #1 or #3 happening for a variety of reasons.
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