cancel
Showing results for 
Search instead for 
Did you mean: 
sw363535
Honored Advisor

feedyard Talk. 2/23. 1:54 am

 

Futures are stronger.  Bidding up to find grain is still a common theme

Wheat (HR) may21       even.   at  $6.50.2    with 111k contracts out there on open interest.  1253 have traded so far.

               New crop July21     at. -1.5.  at $6.53.     (local elevator basis is -30).  

comments..---- Pretty active trade at good volumes

 

Soybeans .....   +23   at  14.106.   High trade of 14.15.     activity with 33.3 K contracts traded

 

Corn        +6.5.    at    $ 5.57.      steady up.      with 23k contracts traded so far.

comments ...   strong overbite activity near the high for the nite so far

 

Cattle...... feeders.... 143.275    +0.6.                Fats near even....  at 123.05.   -0.625.   

inventory on feed ---

12.1 million head on February 1, 2021. The inventory was 1 percent above February 1, 2020. This is the second highest February 1 inventory since the series began in 1996.

 

Cotton...   Holding on to gains of Monday    sitting right now at 92.40.       Fighting for acres.  Although IMO the marketing of cotton is far more difficult to hedge

 

 

Sunshine still appreciated

 

0 Kudos
6 Replies
k-289
Senior Advisor

Re: feedyard Talk. 2/23. 1:54 am

Weather is  a  treat  today  in  Plains  States  ,  bean  market  cooking   -   -  -

Watching  Fed  Chair  in  talks  with  Senate ,  same  stuff , with  few  Senators  starting  Fed  Deficit  regurgitation wrangle , along  with  2  MUCH  REG's  . 

If  banks  are  SO over  regulated ,  why does  the  consolidation  of  banks , as  purchases  in  communities  continues  - leaving  me  puzzled   ?

Land  sale  prices  are  enthusiastic  - or  exuberant  -   -   -            

0 Kudos
sw363535
Honored Advisor

Re: feedyard Talk. 2/23. 1:54 am

why........

Isn't regulation the driver of all gobbling up of small by the large.

Congress has been doing that dance for decades.

Only the large conglomerates can finance campaigns.

Mom and pops can't pass the new inspections and requirements.....   or technologies required.

A new law for every perceived problem.

nitefarm
Advisor

Re: feedyard Talk. 2/23. 1:54 am

SW I really appreciate your input on here ,if you’re ever in western Ky. and have the time would like to meet with you, wife’s a great cook and you and yours are invited. We have been out in your general area a few times (Dodge City) saw a lot of feed lots. We have quite a few end users within 50 miles of us for corn and beans and easy access to barge and rail so basis is rarely negative except for wheat. If we didn’t have a good straw contract for the large squares we wouldn’t raise nearly as much as we do. Even though our basis is pretty good locally we occasionally haul 6hours one way with our road trucks usually  down south for grain and any direction delivering hay. I think we are pretty much the same when it comes to our outlook on most things. We do what is best for the operation and not what is always the easiest. I personally think SA has a lot smaller crop when all is harvested than what some want us to believe. Well I been on here long enough talk later. 

0 Kudos
sw363535
Honored Advisor

Re: feedyard Talk. 2/23. 1:54 am

Thanks nitefarm 

You make me feel better we are high basis and high expenses....... Our trick is really controlling the expenses.

It is nice to know that others face the same issues....

It is really the difficulty for marketing..... we have to understand our choices and risks.  Keeping track of the places where grain goes is important.... It gives us a clue as to what is coming...

Like the big blow in Iowa this year..... Iowa now uses most of its corn in ethanol and feeding (poultry, etc). When big losses happen that close to harvest there are going to be relocation stresses because the lost grain had a planned home.  

Thanks for the kind words...

 

0 Kudos
k-289
Senior Advisor

Re: feedyard Talk. 2/23. 1:54 am

Derivatives  2008  ,   Bernie  Madoff ,   Enron   ,  & now ERCOT ,   explain  escalation  of  regulation - being  a  few ---

Seat belts,  speed limits , cell  phone  while  driving , regs  pushed  by  Insurance  Institute  For  Highway  Safety , with deep pockets , for sure - - -

E  L  D  ,  is  another  example ,  with  our  D. C. folks  going  into  elevator  music  mode , when  this  topic  is  mentioned -  ? 

Exemption ,  being  the  prize  word  for  a  free  pass ,  for  AG ,  again   -  -  -  

 

0 Kudos
sw363535
Honored Advisor

Re: feedyard Talk. 2/23. 1:54 am

Old saying --- nothing better than working with an honest man.... and you can't write a strong enough contract to make a dishonest man change.

Regulations and congress are similar........ and naturally their friends don't have to worry about the regulations.

0 Kudos