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sale barn shafted me
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<blockquote data-quote="Texas PaPaw" data-source="post: 1321813" data-attributes="member: 2905"><p>Looks like as we speak, having a repeat with another long time big broker. Cattle recently sold and delivered per contract with no seller check from broker, but buyer feedyard has paid broker. Also other cattle contracted for future delivery at better prices than today's price. Feedlot that broker contracted them to said "we're out" so seller stuck with one load with no buyer and market several cents cheaper and another delivered load that feedyard has paid broker for but broker has no money to pay several sellers with. Still too early to tell just how big this mess is.</p></blockquote><p></p>
[QUOTE="Texas PaPaw, post: 1321813, member: 2905"] Looks like as we speak, having a repeat with another long time big broker. Cattle recently sold and delivered per contract with no seller check from broker, but buyer feedyard has paid broker. Also other cattle contracted for future delivery at better prices than today's price. Feedlot that broker contracted them to said "we're out" so seller stuck with one load with no buyer and market several cents cheaper and another delivered load that feedyard has paid broker for but broker has no money to pay several sellers with. Still too early to tell just how big this mess is. [/QUOTE]
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sale barn shafted me
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