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| I agree with your observations….The question becomes…who is the seller 10 higher…20 higher…50 higher…1.00 higher?
Of course…the answer is the producer long. How disciplined will he be…or not?
Long in the bin and soon long in the field….At these values? …Hurt me….Or I need to pay some bills etc.
I had a calf issue the other day…..The balance between patience and action was hard to manage..Turned out fine so no need to second guess my decision to not take an action.
Risk reward here seems relatively obvious.
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