I'd like to see the report that says the prices have dropped to the extent that you're talking about. Actually, this spring the prices were higher than they had been previously. Through a big period from late last fall and on, prices were higher. We've had higher prices on cull cattle going into last fall and last summer.
Part of the reason we're seeing such a large liquidation is that the value is higher for the cull cattle, so that they're actually getting more money and they're wanting to ship more. I was at a beef value chain this spring, and the chairman of the Alberta Beef Producers came in and said, “Well, thank you, Brian.” I said, “Well, goodness me, that has to be a first when the chairman from the beef producers says thank you to a factory. What do I owe that honour to?” He said he had just shipped his cows to market and gotten $900 for one. I told him he should thank me if he got that much.
The truth is that we aren't seeing a dramatic decline in pricing. I don't see the decline.