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Old 06-27-2016, 11:23 AM  
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Old 04-30-2020, 10:31 AM   #4636
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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 **** 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.

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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Old 04-30-2020, 10:42 AM   #4637
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You just need to wait for news, grasshopper. Patience.
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Old 04-30-2020, 01:59 PM   #4638
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Old 04-30-2020, 02:22 PM   #4639
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Bought 10 AMZN earlier today. Wish me luck in 2 minutes.
Oh no, they missed EPS. God speed to ya!
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Old 04-30-2020, 02:36 PM   #4640
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Old 04-30-2020, 03:15 PM   #4641
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Oh no, they missed EPS. God speed to ya!
Story of my life. I'll hold. They're good for it eventually.
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Old 04-30-2020, 03:19 PM   #4642
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Story of my life. I'll hold. They're good for it eventually.
Didn't you pull a bunch of money out of stocks as this whole thing hit? That ended up being a good move.
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Old 04-30-2020, 03:35 PM   #4643
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Didn't you pull a bunch of money out of stocks as this whole thing hit? That ended up being a good move.
Yes and no. I managed to lose just 5-8% as of now. Gradually going back in. Problem is, I'm thinking we're due for a pullback soon.

My other problem is this election cycle means Trump will keep the market inflated til November I'm thinking.
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Old 04-30-2020, 09:39 PM   #4644
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Yes and no. I managed to lose just 5-8% as of now. Gradually going back in. Problem is, I'm thinking we're due for a pullback soon.

My other problem is this election cycle means Trump will keep the market inflated til November I'm thinking.
At risk of DCing this thing up, you realize presidents can't will the stock market to do shit right? If they could it would literally never go down.
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Old 04-30-2020, 09:41 PM   #4645
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At risk of DCing this thing up, you realize presidents can't will the stock market to do shit right? If they could it would literally never go down.
Just my personal belief. If he does he does, if he doesn't he doesn't. I just think he's going to do everything possible and big business will too.

I feel his re-election is riding on it. Good or bad.

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Old 04-30-2020, 09:45 PM   #4646
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Just my personal belief. If he does he does, if he doesn't he doesn't. I just think he's going to do everything possible and big business will too.

I feel his re-election is riding on it. Good or bad.

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Do you man, but if you honestly think that a politician can control the market, then I don't know what to tell you.

EDIT: That's not to say that he doesn't want it to go up, he almost certainly does. And I won't comment on whether his campaign is dependent on it. But actually effecting control over it is another matter.
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Old 04-30-2020, 10:25 PM   #4647
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Lots of resistance at these levels again. False rally seems likely.

Moving heavy to cash tomorrow.
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Old 05-01-2020, 04:50 AM   #4648
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Story of my life. I'll hold. They're good for it eventually.
Don't panic-our sales are through the roof. Costs got out of hand because of COVID

I'm going to add to my 401K AMZN stock
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Old 05-01-2020, 06:54 AM   #4649
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Don't panic-our sales are through the roof. Costs got out of hand because of COVID



I'm going to add to my 401K AMZN stock
I'm not. I believe in it and it's the reason I bought it. It's a just matter of time as I think it's trying to get to $3k/ share eventually.

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Old 05-01-2020, 08:48 AM   #4650
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I'm not. I believe in it and it's the reason I bought it. It's a just matter of time as I think it's trying to get to $3k/ share eventually.

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yeah.. about that

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