Less than a month ago, the cattle market was absolutely abuzz over the impressive strength of beef demand.
The choice cut-out set an annual high on Oct. 24 at $199.38, suggesting to many that the carcass equivalent was destined to jump over the psychological hurdle of $200 faster than you could say "medium rare."
Unfortunately, something caused a major speed bump to surface on the highway of inevitability. In just a dozen business days, the value of the choice box imploded by $7.51. Talk about riches to rags.
The easier answer seems to come with a gobble-gobble and ...