Futures cease trading on live cattle at a 6.50 move up or down, feeders at 8.25, and hogs at 4.00. You can trade it synthetically with options but futures lock at those prices. If they settle locked limits expand by half the next session. Same model is in place for the grains, but limits shift quarterly based on the prior 3 months ranges.
As long as Trump has been in the bully game, you would have thought he would have leaned to isolate and pick on one at a time instead of surrendering your size advantage to try it with everyone at once.
Busy getting margin from my cattle feeders mostly. Mostly because we are more sold at these prices because slowdowns are bad for beef consumption and cattle prices even if we are down on numbers
I’m going to get a good laugh if my wife’s friend that got stranded in Brownsville because of flight delays from the last one, got stranded again from this one as he has to fly to cities affected by Musk often
Just want to point out that if you are getting yelled at out in Oakley Kansas, where the last Democrat that was voted for President locally was FDR’s first term, and Carter was the last to crack 40%, and the last to exceed 21% was Dukakis in a bad drought year, shits going to get bad.
We continue to run 8-10% lower on beef packing runs vs. the prior year last week. Seasonal demand weakness is offsetting on boxed beef for now, but we could see it get real stupid as spring demand picks up.
Of course if we run off enough labor, the smaller cattle herd won't do anything for cattle prices because you'll still have capacity constraints while beef prices take off.
In an ominous poultry related moment for me at work, my turkey raising client was instructing an employee to cut into the 6 dead birds they had while on the phone with me
Just got a message from a college buddy that works for USAID that he and all of his coworkers are locked out of their work stuff and they’ve got no communication from anyone about what is going on
Not that I didn’t already think they were useless assholes but calling Lutheran Family Services and Lutheran Refugee Services criminals today really made me hate these fucking assholes
Could be the right specialist just loves the Ozarks and you have to go there because they don’t travel. I’m sure people from all over get flown to Rochester MN too