Bull Market? Bear Market? Cow Market.

By: Joe Gagnon Email
By: Joe Gagnon Email

The worsening economy is not anything new, but one thing that hasn't been affected are animals that go moo.
Wall Street is no bull market, but the actual bull market is nothing like Wall Street.
The cattle industry is actually doing quite well compared to the rest of the economy.
"We're fairly untouched by a lot of this," says Bill Martin, co-owner of the Fruita Cattle Auction, "even if it's somewhat volatile."
He says cattle owners are still buying and selling hundreds of cows every week, sometimes as much as a thousand.
He says one thing that is dropping is the price of cattle.
According to dailyfutures.com, a website which monitors prices on livestock, the price for a head of cattle dropped from about six percent at this time last year.
Compared to the Dow Jones Industrial Average, which has dropped more than forty percent since 2008.
During the summer months, the costs of grains for the cattle was way up mainly because of high gasoline prices.
Now those costs are starting to drop too.
Thanks to Xcel Energy, there may be some more reason to invest in a cow.
The company is working on a power plant in the Coloradoto make energy out of cow manure.
With these lowerig costs there may be even more people trying to get involved in owning cows.
Apparently, even with investments dropping, perhaps the cattle industry is still a bull market.


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