@itsmetoo92774 Well for starters cof is above a year ago, demand has shown it’s tapped, losing infrastructure at a pace never seen before with the writing on the wall that we will lose more. Cattle huge and being carried. What fundamentals do you have to be bullish?
@itsmetoo92774 When the market tips it never seems reasonable especially to the side that thinks it’s wrong. That’s the way it’s supposed to work. By the time you admit/know you’re wrong it’s too late.
@ErickFarmer73@rodgrisier1958@cameron_korth Pretty humble for a guy that does what you do! Kudos! Industry doesn’t love the weights tho. The second we have one too many we will have to reel it back. That will be hard.
@ErickFarmer73@rodgrisier1958@cameron_korth I agree we are going to pay for this border deal. 3.80 feeders is cool but producers should realize what we are doing is very wrong.
@ErickFarmer73@rodgrisier1958@cameron_korth That’s insane! We got to these values on leverage. Market is pricing the last 1. We arnt as far from 1 too many as people think!
@rodgrisier1958@cameron_korth We are on pace to kill 9% less yoy. Did we lose 9% inventory since last year or are we making cattle so big that they are just now coming to the market. Again, aliens didn’t take them.
@rodgrisier1958@cameron_korth@ErickFarmer73 the extinction of cattle has never been sold so hard and believed! Put them on the endangered species list before we eat the last one!!!!!
@rodgrisier1958@cameron_korth Inventory? We have more COF than a year ago? Where is the magic inventory number that says 300 is warranted? Still have to sell the meat and the consumer says 400 is plenty at peak demand season. High is in!