kenny thomas
Well-known member
Interesting, how can a stockyard having 4,000 head a week get by with a $130,000 bond. That will only cover a small part of the sales. Several on the list that I am familiar with looks very low.
Be interesting to know how the requirement is calculated.kenny thomas":3o387jek said:Interesting, how can a stockyard having 4,000 head a week get by with a $130,000 bond. That will only cover a small part of the sales. Several on the list that I am familiar with looks very low.
kenny thomas":5svbsepg said:Using that what should the bond for a stockyard selling 4,000 head in two days which is the one I quoted. Not $130,000. Less say they averaged $500 per head which is easy to figure would that not be $2,000,000. What am I doing wrong or is the bond way too low?
Howdyjabo":185a3qsk said:From USDA website
Bonds Market agencies and dealers must maintain a bond as a measure of protection for livestock sellers against non-payment. The size of the bond is based on the volume of business, generally an average 2 days' business with a minimum of $10,000 bond. Packers whose annual livestock purchases exceed $500,000 are also required to be bonded.
thats all kilpatrick needs is more loss's... they already operating on a frayed shoe stringoscar p":1infh2li said:Heard today at the Load out chute, Eastern took Kilpatrick stockyard for $30,000, Ashville stockyard for 136,000 and Fort Payne for 151,000. Forgot the price they said about Cullman.Of course that's hear say.
guess my next load is going to Arab,, more buyers and the same distants for meoscar p":313xaq0l said:Yes,they are. Fewer and fewer cattle each week.
yep their saturday sales is ''was'' great for that, use to buy my hard calves from them on saturday's but no matter how hard they we're you better doctor them as soon as you could and quarantine em last time i was at the sat. sale the pinhooker was racking up,,, he had a bib full of 100 dollar billsoscar p":36cx22ph said:As far as Weigh cows and calves, I carry mine to Arab or Ashville, As far as bred cows and pairs, I do Kilpatrick (saturday sale) or Ashville. The thing about Kilpatrick, I hate, is the darn pin hookers,Man they just haress the crap out of people. I counted 11 last Saturday.
well sandmountain was great for that,, guys who work all week and cant haunt the stockyards, go there on a saturday to buy replacements.... but keep in mind, if you buy there,,, theres traders there that bought culls at other stockyards during the week and bring them there.... no shots, and have been stressed to he$# wont have emetowah-county-farmer":27yc6y0d said:I've got about a dozen bred cows that I'm going to sale....any suggestions on which sale to take them to? I went to Arab about a month ago. They were bringing more at SMS but you know how quickly the market changes. Any advice?