kenny thomas
Well-known member
What happened in the corn market to make the prices jump so much today? Sure is hurting the feeder prices.
You don't need to grow the corn to set your input costs for your cattle.kenny thomas":1njoexth said:I agree the crop probably is just not there. The hard part is the government reports "found" 300 million bushels a couple of weeks ago. Price up and down so fast sure makes it hard to plan. We don't have the land to grow our own corn, too hilly, so this price jump really hurts.
I use them for the upside risk on corn and calves and the downside risk for fats. Essentially I use them for everything.Douglas":2bv6a5w8 said:Any of you guys used cattle futures/options or the USDA risk program to minimize your downside risk with calves?
Haven't checked in a while but what is the basis now? About a week ago it was something like $.67 under the board. Some of the big swings have just been profit taking by the speculators.kenny thomas":3uh8kfkl said:I hope your guess is close. With futures today at 5.28 and some months at 5.45 is will put a scare into the calf market.
Basis here is .10 under now, 0 Jan del. off march an .15 under next Sept.TexasBred":17zhkbro said:Haven't checked in a while but what is the basis now? About a week ago it was something like $.67 under the board. Some of the big swings have just been profit taking by the speculators.kenny thomas":17zhkbro said:I hope your guess is close. With futures today at 5.28 and some months at 5.45 is will put a scare into the calf market.
doesn't make sense.jedstivers":147vmdvz said:Basis here is .10 under now, 0 Jan del. off march an .15 under next Sept.TexasBred":147vmdvz said:Haven't checked in a while but what is the basis now? About a week ago it was something like $.67 under the board. Some of the big swings have just been profit taking by the speculators.kenny thomas":147vmdvz said:I hope your guess is close. With futures today at 5.28 and some months at 5.45 is will put a scare into the calf market.
TexasBred":28suqs4j said:Haven't checked in a while but what is the basis now? About a week ago it was something like $.67 under the board. Some of the big swings have just been profit taking by the speculators.kenny thomas":28suqs4j said:I hope your guess is close. With futures today at 5.28 and some months at 5.45 is will put a scare into the calf market.
Howdyjabo":2vftdr1z said:Yearlings will hold for now-- the money lenders want fast turnovers or no money for most people. That will keep the 8 wts in demand as there is a limited supply of them.