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04-29-2020, 09:28 PM | #4666 |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,670
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04-29-2020, 09:38 PM | #4667 |
Banned
Join Date: Jan 2013
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BTC going off today. Especially right now. +9.1K with 12d to halving.
Last edited by eDave; 04-29-2020 at 10:20 PM.. |
Posts: 53,803
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04-29-2020, 10:22 PM | #4668 |
MVP
Join Date: Jan 2007
Location: Missouri
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The banker and I have had some serious talks. I believe we have found an exit strategy that will unload most of my inventory and some feed for what amounts to a manageable loss. One of those live to fight another day deals, but it's three party and hinges on one banker's decision. All I can do is drink heavily between now and Tuesday.
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Posts: 8,670
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04-29-2020, 10:47 PM | #4669 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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I’m listening to this WWI book in the tractor and essentially us grain guys are in trench warfare. You all are doing cavalry charges at machine guns. |
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Posts: 57,834
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04-29-2020, 10:58 PM | #4670 |
Fish are scared of me
Join Date: Nov 2001
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I can't fathom what hog producers are going through. They have 4 months worth of bred sows in the pipeline and those pigs being born are going to need a place to live. A barn has to be emptied weekly to make room.
I guess they could abort sows. This will take out another batch of independent producers. |
Posts: 40,635
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04-29-2020, 11:45 PM | #4671 | |
I'll be back.
Join Date: Nov 2002
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IBIO is absolutely going to skyrocket.
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Posts: 287,304
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04-30-2020, 08:05 AM | #4672 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,112
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04-30-2020, 08:07 AM | #4673 |
I'll be back.
Join Date: Nov 2002
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You just need to wait for news, grasshopper. Patience.
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Posts: 287,304
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04-30-2020, 08:57 AM | #4674 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
The southern feeders kicking the hornet's nest right before the Kung Flu blew up was just terrible timing. They're showing no mercy. When they say "No Bids", it's 100% a "go **** yourself and eat your steers, we aren't buying them". I've never seen it this cut throat. I caught a tip from a buyer a while back and sent a load of old cows to a sale everyone was expecting a bloodbath at and they sold in the high 70s. Twice what I expected and then I noticed several cull bulls sold for MORE than the current fat quotes. Those mother****ers were a "no bid" in the country while quietly scavenging for the hamburger we all knew they needed at po dunk sale barns. If I get out of this turn, I'm afraid my banker has lost his edge and isn't going to let me back in at the same level. I can only cash roll about 1/3 of normal and that isn't enough for me to pencil in better margins on the crop side like I have by walking most of the profit off the place instead of hauling. If the bankers don't let the young guys back in I'm afraid there's going to be a fundamental shift just like there was on the hog side in ~98, which could even cause a change on the local crop/feed supply side as well. I don't want to push this to DC, but a group has apparently finally got to Trump's ear. I have little faith anything out of DC will actually be a good thing, but I guess we'll see. The worst they can do is **** up an already broken toy. |
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Posts: 8,670
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04-30-2020, 09:05 AM | #4675 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Posts: 44,073
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04-30-2020, 10:31 AM | #4676 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Good news is your buyer buddy did you a solid. I don’t know what’s going to happen if cow calf guys have to miss a turn. It would really **** up the supply hard for a long time. Back in 12 when the hay shortage in the south dudes sold some stock it took 5 years to recover. If wide swaths of dudes sell out, yikes. The interesting thing about cow calf is that it doesn’t scale well. Feeder operations scale easy. Hell grain scales way better than cow calf. Thing about cow calf is you have to run them over the same number of acres no matter what. You can’t concentrate them anywhere. Nonetheless here’s to hoping you’re the guy that survives the cavalry charge and some dude writes a book about your diary in 100 years. I’ll dig my trench a little deeper. |
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Posts: 57,834
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04-30-2020, 10:42 AM | #4677 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Clay, you are the "Cooler" for stocks.
Better than Bill Macy ever could be for gambling. |
Posts: 52,396
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04-30-2020, 01:59 PM | #4678 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Bought 10 AMZN earlier today. Wish me luck in 2 minutes.
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Posts: 8,290
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04-30-2020, 02:22 PM | #4679 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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Posts: 14,404
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04-30-2020, 02:36 PM | #4680 |
Andy Reid Supporter
Join Date: Apr 2012
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Apple, Microsoft and Paycom all topped earnings estimates. I did not see that coming.
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Posts: 48,111
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