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Missouri | As somewhat of a historian. Remember that just when everything looks to good to be true, something breaks the balloon. Mad Cow ect. If this thing gets stupid. Like 120 feeders on the board, out of the money, puts would be in order to protect early winter sales. Current levels already have me thinking about them. The economy is very fragile. Hope others have more faith in what is happening. It is getting easy to be conservative in these unstable times around here. Might miss some opportunities but the fall will be from a lower step. More volitity in the world than I have ever seen. Watching waste of our tax money not much fun. Potential for an October surprise even in a non-presidential year should be remembered. A cornered dog comes out fighting. See no interest in expanding the nations cow herd with continued shrinkage of the forage supply to row crop. Rains are making some of these thin cow pastures grow good crops now 3 years in a row. Early spring calls were #500 @ $1.50 or $750 who would buy them.
Edited by MU1979 7/24/2010 19:22
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Expect some Pretty Decent UPs in cattle
