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Beginners Board
How in the world can you make money in this market?
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<blockquote data-quote="HerefordSire" data-source="post: 616486" data-attributes="member: 4437"><p><em>If you are the norm, there is zero margin for error. Most of the local ranchers I know, sell at the local sale barn bid. Some even haul to OKC stockyards to get a stronger bid. Even with the stronger bid, we just went through a wave of commodity prices never seen before by Americans. Fuel, corn, fertilizer, food, etc. flew through the roof unprecedented in modern history. At the same time, the weather patterns are fluctuating wildly. Nowadays, you can have a drought one year and a flood the next. Each type of weather pattern causes hay prices to skyrocket. The scary thing about all this is......there is another stronger commodity wave coming where prices are expected to exceed prior highs.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 616486, member: 4437"] [i]If you are the norm, there is zero margin for error. Most of the local ranchers I know, sell at the local sale barn bid. Some even haul to OKC stockyards to get a stronger bid. Even with the stronger bid, we just went through a wave of commodity prices never seen before by Americans. Fuel, corn, fertilizer, food, etc. flew through the roof unprecedented in modern history. At the same time, the weather patterns are fluctuating wildly. Nowadays, you can have a drought one year and a flood the next. Each type of weather pattern causes hay prices to skyrocket. The scary thing about all this is......there is another stronger commodity wave coming where prices are expected to exceed prior highs.[/i] [/QUOTE]
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How in the world can you make money in this market?
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