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sdholloway56
Senior Advisor

further commentary would be pointless

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6 Replies
rickgthf
Senior Advisor

Re: "Further commentary would ....", I thought .....

"Further commentary would be pointless", I thought you were referring to today's price action.

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sdholloway56
Senior Advisor

Re: "Further commentary would ....", I thought .....

Yeah, that.

It goes up, it goes down.

Weather looks a mixed bag as far as a solid crop goes but the bad crop scenario is in question.

Nationally, I mean.

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BA Deere
Honored Advisor

Re: further commentary would be pointless

The proof will be in the pudding.  With cattle at sale barns, often the auctioneer is the only one bidding against 2  cattle buyers who are sitting together.  With hogs wiki says "less than 15% are sold for cash" I think it`s out of date info, probably less than 5% of hogs aren`t under contract.  

Line speeds are slowed, California wants a separate set of rules for meat sold in their state.  

Grassley`s 50-14 Bill is a start, but I`d like contract livestock outlawed and only a cash market.

https://www.drovers.com/news/industry/grassley-reintroduces-50-14-bill-cattlemen-react  

snip:

Bi-partisan legislation was introduced in the Senate on Wednesday that would require a minimum 50% of a meat packer’s weekly volume to be purchased on the open or spot market. The legislation is often referred to the "50/14" bill, also noting the 14-day window for delivery of the cattle.

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sw363535
Honored Advisor

Re: further commentary would be pointless

Not the way to break up monopolies.....

k-289
Senior Advisor

Re: further commentary would be pointless

States  rights  seem  to  have  a  2  sided  conversations ,  depending  on  the  topic  -  -  -

IS  Lip  service  classified  as   a  '''' cheap ''''  commodity  -  in  a  close  proximity  to  K - Street  -  ?  ? 

15 %  in  Roade  Island  &   Delaware  to  bring  those  averages  to  exactly  what  - ? 

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k-289
Senior Advisor

Re: further commentary would be pointless

Reminds  US of  the  cowboy  &  horse  fledgling  over  the  cliff ,  with  the  rider  shouting ,  WHOA -  you  s. O.  b. -  WHOA  -  maybe - ?  

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