Recent content by ManyHorses

tapeworm: Is it really so necessary for you to be so derogatory to other members? ollie: When I posted my comment about the 79 cent August market it was because that's what August cattle were selling for on the CME... if you had cattle maturing and selling in August that's what your cattle were...

Just as I posted on February 19th, grain prices led by soybeans have had a dramatic runup in prices... not based on maket value but month end mechanics coming up on March 1st delivery date and dryness in South America depressing yields. Soybeans increased from 5.56 bushel to 6.05 bushel...

December 27th Feeder Cattle - Sold short 2 March 97 puts for $975 each - Covered Thursday February 24th for $325 each - Profit $650 each totaling $1350.00 January 3rd Feeder Cattle - Sold short 2 March 94 puts for $1100 each - Covered Thursday Februrary 24th for $150 each - Profit $1,000 each...

Ollie, A couple weeks ago I asked you where you were from and you told us folks you were from Boston... and you were a meat trader for M.L... leading us to believe you meant Merrill Lynch. Whoever you are, you most certainly are not a meat trader from whoever M.L. is, you don't know squat...

Cattlemen all across the nation should be up in arms about Jack In The Box CEO Robert Nugent making the above statement. This is a hugely disappointing remark suggesting that Nugent has insider information from the USDA. Why would he say "Our intelligence indicates..." - What intelligence and...

There isn't such an animal... if there were it would be HUGE and mostly centered adjacent to the feedgrain supplies. Best way would be to get on Google and have fun for a day. Right or wrong this is the segment that helps drive the cattle industry opposite the major packers. Lots of learning...

With the Canadian border due to reopen to importation on March 7th, does anyone have ideas as to where the first truckloads of cattle will hit, and what ages they will be? Will they be directly to packing plants or feedlots? It will really be interesting to watch the numbers and what they have...

Now here's a well written answer - Two things I really like about it is that it: 1) takes into account the possibly overpriced market conditions right now. That way you're not risking buying into a higher market, raising 'em, maybe selling into a lower market later on. As Todd mentioned, raising...

I use a couple handfuls of manna disolved in the bottle with the milk replacer. Let it set till it gets runny like applesauce so it doesn't plug up the nipple. The calves make the transition very quickly because they have the taste of their old familiar milk and the smell and texture of the new...

Grain prices have been edging higher and led by soybeans gapped strongly to the upside Thursday and steady on Friday - but don’t expect them to hold for long. Large funds and speculators have been caught short (meaning they owe) a huge number of contracts coming up on March 1st delivery date...

Cattle prices broke down hard across the board on Friday in response to a combination of factors, none of which support continued high beef prices. Since my February 16th analysis of the Choice/Select spread it has dropped a full $5.00 leaving packers hard put to support the current market...

Buying calls in this kind of market atmosphere is highly speculative and would not serve to manage either the risk you currently have, or the risk your herds are growing into in terms of tonnage. In fact it would only increase your risk. Buying an March 100 put for $750 would give you...

Ollie, Yes the Choice/Select spread is driven by current supply and demand... that was precisely my point. If the Japanese market were to open up I would expect the Choice/Select spread to widen because the Japanese market demands higher quality cuts of beef... but is that to say that Choice...

Ollie, Yes the Japanese situation does bear some responsibilty, but resolution is still a long ways off, and will impact cattle prices on the more deferred months. Whereas reopening the Canadian border offers the most immediate consideration, and will more impact cattle prices on the near...

Here’s a situation that I have to comment on: It is all about the price differential between Choice and Select boxed beef prices. Choice and Select boxed beef prices had nearly assumed parity as the high price of beef on retail grocers shelves is obviously meeting resistance by consumers. As a...