I don't know that. I would argue that we're going to see a significant downsizing in the industry, from what we hear in my part of the country.
Part of the reason it hasn't occurred yet is simply a matter of slaughter capacity--just getting them into the system and getting them through. There's lots of feed out there. People are hoping to, for example, get them exported to the U.S. once this feeder cattle run is over.
There's clearly going to be a downsizing. And we don't think that's wrong, by the way. We think market signals should dictate what producers do about this.
What's happened in this case is that it happened so quickly that we simply couldn't have that kind of response.