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Setting on their hay
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<blockquote data-quote="Hitch" data-source="post: 417046" data-attributes="member: 6106"><p>Welcome to what amounts to a lesson in the "Futures Market". It's a crap shoot, sometimes, trying to figure out the future worth (cost/value) of a product - and spend (or invest)accordingly. It is a situation where you simply can not control many external factors that determine price. It is also a frustrating lesson in supply and demand - the free market driving the prices one way or another. Markets get panicky sometimes. You are wise to keep a bit of hay as a "buffer" against wild price swings due to shrinking supply - unless the costs of having that hay inventory sitting idle are too high or the quality of the stored hay will deteriorate badly due to exposure to the elements. You could plug in "cows" for every time the word hay is used and understand what keeps some ranchers and farmers from a good night's sleep as market time approaches. Good luck. Stay informed on issues that impact the prices/availability of the goods you will be buying and selling (oil/fuel prices, long range weather forcasts, and even farm related legislation). Research, think, and plan as far ahead as you can get reliable/credible data to make a better informed decisions.</p></blockquote><p></p>
[QUOTE="Hitch, post: 417046, member: 6106"] Welcome to what amounts to a lesson in the "Futures Market". It's a crap shoot, sometimes, trying to figure out the future worth (cost/value) of a product - and spend (or invest)accordingly. It is a situation where you simply can not control many external factors that determine price. It is also a frustrating lesson in supply and demand - the free market driving the prices one way or another. Markets get panicky sometimes. You are wise to keep a bit of hay as a "buffer" against wild price swings due to shrinking supply - unless the costs of having that hay inventory sitting idle are too high or the quality of the stored hay will deteriorate badly due to exposure to the elements. You could plug in "cows" for every time the word hay is used and understand what keeps some ranchers and farmers from a good night's sleep as market time approaches. Good luck. Stay informed on issues that impact the prices/availability of the goods you will be buying and selling (oil/fuel prices, long range weather forcasts, and even farm related legislation). Research, think, and plan as far ahead as you can get reliable/credible data to make a better informed decisions. [/QUOTE]
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