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western iowa,by Denison | playing catch up somewhat-been on the other side when board was $10 higher then live-remember that the packer can just cut kills overnite-but as long as they keep moving meat there ok-back them up one day and they can back off the market 1 month
takin risk protection on a million dollar's of cattle-they could be worth 1/2 million tomorrow-feeding 900 head-I don't feel like risking my whole life of work just to prove a point-we have access to puts that my dad didn't-I'm protecting these cattle-I really don't care to go back to 1980 or 1989-betting on rising prices is not a game I want in-been there and them lessons are hard
you can rant and rave about cattle numbers down-still have to market the other millions of heads of cattle everyday | |
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