Thought the same thing (Japan being major market currently not buying) earlier this week when my brisket price dropped 25¢/lb Checking with my rep to see what this week is - may be stocking up a bit.
Have also heard the possibility the crisis in Japan may also drive gas prices down.
My guess is it's just a short term drop. The number of beef cattle on feed is at it's lowest since 1958. I am guessing that by this summer you could see a sharp rise in beef prices. Just my oppinion.
That's probably right. The lower price will allow to whole sellers to recoup money previously lost, or to make a temporary better profit. Frankly speaking, I'd be okay with that, keeps more people working and more choices out there.