Originally Posted by Buehler445:
Might ought to try to plug your cattle losses. Unless they’ve bounced in the last week
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. [Reply]
Originally Posted by ghak99:
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.
Hope it works out for you man. I really feel for you livestock dudes. Things are horrible in the grains (especially when it refuses to rain). But your situation is a bloodbath.
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. [Reply]
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. [Reply]
Originally Posted by : Trump plans 'Operation Warp Speed' to rush coronavirus vaccine development
WASHINGTON (BLOOMBERG) - The Trump administration is organising an effort to drastically cut the time needed to develop a coronavirus vaccine, with the goal of making enough doses for most Americans by year's end.
Called "Operation Warp Speed," the programme will pull together private pharmaceutical companies, government agencies and the military to try to cut the development time for a vaccine by as much as eight months, according to two people familiar with the matter.
The project's goal is to have 300 million doses of vaccine available by January, according to one administration official. There is no precedent for such rapid development of a vaccine.
Originally Posted by Buehler445:
Hope it works out for you man. I really feel for you livestock dudes. Things are horrible in the grains (especially when it refuses to rain). But your situation is a bloodbath.
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.
That's about what it feels like.
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 fuck 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 motherfuckers 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 fuck up an already broken toy. [Reply]
Originally Posted by ghak99:
That's about what it feels like.
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 fuck 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 motherfuckers 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 fuck up an already broken toy.
Heard a rumor that the Oligarchy fucked up by shutting down a food processor plant when some workers caught the Rona, then reallocated the workers from that shut down plant to others which in turn spread more Rona cases. [Reply]
Originally Posted by ghak99:
That's about what it feels like.
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 fuck 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 motherfuckers 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 fuck up an already broken toy.
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 fuck 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.
