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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Border closure bad for US packers
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<blockquote data-quote="la4angus" data-source="post: 46772" data-attributes="member: 132"><p>Texan</p><p>It seems that you are looking inside of my little pea-brain. Our thoughts are the same.</p><p>Most producers can't see the damage that will be done. Or is being done. They are now resting on the laurels. </p><p>They will want to blame our Canadian friends for the price drop when the border opens. The price has already been dropping for several months on choice fats. The feeders expect to cut a fat hog in the ass, when buying these high priced feeders.</p><p>Just remember that market highs are made when the market can never have another down day. So far the cattle market has made a high several months ago and the charts suggest more lower money to come. The feeder producer hasn't noticed it, because feeder prices have remained high and higher through the summer setting new record highs.</p><p></p><p>Just remember the silver and golld markets in 1980 when Bunker was going to corner the silver mkt. One day silver and gold could never have a down down day again. I sure glad that I sold all of mine on that day. That nite everyone told me how dumb I was. A friend of mine sold his the next day. </p><p>To my knowledge the check that he received has never cleared the bank.</p></blockquote><p></p>
[QUOTE="la4angus, post: 46772, member: 132"] Texan It seems that you are looking inside of my little pea-brain. Our thoughts are the same. Most producers can't see the damage that will be done. Or is being done. They are now resting on the laurels. They will want to blame our Canadian friends for the price drop when the border opens. The price has already been dropping for several months on choice fats. The feeders expect to cut a fat hog in the ass, when buying these high priced feeders. Just remember that market highs are made when the market can never have another down day. So far the cattle market has made a high several months ago and the charts suggest more lower money to come. The feeder producer hasn't noticed it, because feeder prices have remained high and higher through the summer setting new record highs. Just remember the silver and golld markets in 1980 when Bunker was going to corner the silver mkt. One day silver and gold could never have a down down day again. I sure glad that I sold all of mine on that day. That nite everyone told me how dumb I was. A friend of mine sold his the next day. To my knowledge the check that he received has never cleared the bank. [/QUOTE]
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NCBA, R-CALF, COOL, USDA (No Politics!)
Border closure bad for US packers
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