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western iowa,by Denison | Hick - 4/3/2026 08:04
Sorry for your loss. Apparently you’re the only one making margin calls. I ran into a buddy and told him about my average hedge of 222.5 on a 1/4 of my cattle and he said he had some at $217.
I will try to get him to do a daily post about his woes on agtalk. You 2 can have a completion. He actually wasn’t complaining much because it was a profitable number.
I like the garvo posts from a few years back a lot better. A guy with a good attitude, posting pictures of interesting buildings and pouring concrete.
Whatever. Just stop bitching about the packer while selling him captive supply 9 months out. Pick a side. Maybe less cattle and less debt would help you sleep better.
Part of getting old Hick and have a lot more at risk ,and not that It is myself personally-3 other familys that are younger and hoping we all pull a better profit to fix some problems with infrastructure at there farms
Getting tired of you saying I bitch about the packer-showing exactly what they are Dollaring on there end as it seems like no one step up and post's any prices-like its a big secret
One thing about contracting is you are not at the whim of the market on the day those cattle are fat-after the 80's begging to sell fats and backing up a huge amount I decided that I would always have a way to move those fats in a timely market-$3 fat hogs also schooled myself with 500 fat hogs ready
Sorry you read my post's wrong and maybe find a better word for bitch-you are the reason i hedge off those Oct cattle because you-keep bitchin at me that I was givin the packer captive supply,without fully realizing that with a packer contract it gives you so many more options on marketing those fats-I never said I was giving 100% marketing to the packer-but somehow you-(you) twisted everything around to not let anyone else learn a damn thing
So there-I'm trying your way -on 20 contracts that i would have just marketed with puts and contracts
Hopefully you do realize you set your basis with a contract-you have 30 day window on delivery month,and you have up to the last day of delivery month to set your price off the board
so much flexability-its not a sweet heart deal of captive supply-and it seems like you have a better chance to set your price through those 9 months then just calling the packer and asking what they are bidding or calling producers because you do not have a good relationship with your cattle buyers-
you should work your way out that hedge you have also-I'm trying everything that i can think of to end with better results! Have a great day!
Edited by garvo 4/3/2026 08:40
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Packer gross value today $291,08 -cash bid $245 -and I sold 51 head
