Posted 3/2/2016 14:30 (#5150320 - in reply to #5150213) Subject: RE: Thanks, Don & Zen, If you put ....
Death comes to us all. Life's but a walking shadow
Zen, stocks to use from the Feb 16 WASDE is 1837/13545 or 13.56%. If you put that figure into Illdoc's equation you get $3.70 which is maybe a little higher than the current broard price but certainly higher than the typical farmgate price. But not out of range. WASDE's midpoint price is $3.35 -$3.85 or $3.60.
Don, notice that you 2011 chart levels out above $4. We're already down to $3.70's. I wonder if the difference is the world economic conditions?