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Post by Glenn on Jul 13, 2011 10:21:18 GMT -6
Hinting that he wants to do QEIII very badly!!!
Dollars swooning hard.....Oil and Gold and Corn up hard.....
And since Corn is the ANTI-CATTLE, cattle are swooning.....
All this is going to be very interesting as to how the cattle markets shake out....
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Post by Glenn on Jul 13, 2011 10:22:13 GMT -6
Historically small national herd with huge liquidations of cattle point to a real shortage of cattle and pretty soon, too
BUT when corn is at $7-$8 or higher, what happens to the cattle market?
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Post by Glenn on Jul 13, 2011 10:27:07 GMT -6
Just sold a load of 775# heifers on the video for Aug 1 delivery at $1.30.
Probably should have sold higher....I'm just boogered....Made good money....but wanted more.....This cattle market is something else right now....I am just pissed about all this corn shenanigans....gets my goat and bad!
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Post by Deleted on Jul 13, 2011 19:10:54 GMT -6
Bernanke is just digging a bigger hole in hopes some miracle turns things around. Printing money has "worked" since the FDR administration. It is hard to believe this isn't going to end very, very badly. In general, it is a great time to be in agriculture, or any of the scarce resource industries, but the average joe is losing ground fast and govt debt is getting way out of hand. The elephant in the room is local property tax. It could bite real estate owners and property owners hard, destroying farm profits. "They" exchanged a sudden collapse in fall 2008, for a gradual decline, maybe creating a whole different set of winners and losers in the process.
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