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Re: Price protection for the fall

Posted: Thu May 04, 2017 8:30 pm
by mrj
Brad S wrote:Mrj pretty much nailed it. In a market that descriminates against growing wheat with anhydrous ammonia because it's not all natural, Petrie pork may not meet the market very well. But I worry about the peta save the animal guys.


With a few good years in a row, are you overdue for a drought, or enjoying global warming?


Probably should expect drought. Our native grass pastures with lots of ravines can handle it pretty well if we can catch a few T storms. We get most of our 12 to 16 inches of annual precip during the growing season, so it does go quite a way toward making decent grazing. But we got a little more than normal hay last winter, so may not get our preferred portion of rain this growing season. Our hay fields are native grasses with a little alfalfa and not sure how much our freezes have hurt that. We have quite a lot of yellow clover coming in the pastures, but frost hit it pretty hard lately, so not sure what it will do. Clover is a mixed blessing. Too much isn't real good, but a little of it sure makes the cows look good going into summer.

Re. the PETA shills, I'm more worried than ever about them, since they fooled some cattle producers into throwing in with them.

mrj

Re: Price protection for the fall

Posted: Fri May 05, 2017 5:43 am
by Traveler
mrj wrote:
Brad S wrote:Mrj pretty much nailed it. In a market that descriminates against growing wheat with anhydrous ammonia because it's not all natural, Petrie pork may not meet the market very well. But I worry about the peta save the animal guys.


With a few good years in a row, are you overdue for a drought, or enjoying global warming?


Probably should expect drought. Our native grass pastures with lots of ravines can handle it pretty well if we can catch a few T storms. We get most of our 12 to 16 inches of annual precip during the growing season, so it does go quite a way toward making decent grazing. But we got a little more than normal hay last winter, so may not get our preferred portion of rain this growing season. Our hay fields are native grasses with a little alfalfa and not sure how much our freezes have hurt that. We have quite a lot of yellow clover coming in the pastures, but frost hit it pretty hard lately, so not sure what it will do. Clover is a mixed blessing. Too much isn't real good, but a little of it sure makes the cows look good going into summer.

Re. the PETA shills, I'm more worried than ever about them, since they fooled some cattle producers into throwing in with them.

mrj
You're right mrj, as I feel we should be concerned about throwing in with Earth Day, as well.

Image

Re: Price protection for the fall

Posted: Sat May 06, 2017 5:46 am
by PPRM
The way Fats jumped up, I hope price protection timing wasn't done a month ago. Timing is everything.

Our Protection? It's a lot of ADDITIONAL blood sweat tears and loss of sleep. But, direct marketing. Beware of the wolves in sheep clothing that want to "Help You" though.

Re: Price protection for the fall

Posted: Sat May 06, 2017 6:41 am
by Big Muddy rancher
I watched most of the winter and the best on offer was $1.64 on 850 wts at around $7/100lbs, Canadian dollars we're talking.
The day it was $!98 for $6.37/100lbs I bought but my credit card didn't process,I think I put in a wrong number. So the next day when the premium chart came out I bought at $2.00 for $6.64. That is a contract settling September 25. I don't have to sell the cattle then, I can get higher I basically bought protect on 140,000 lbs of steers. I could have bought higher protection coverage but at a cost. I figured if they sell higher I won't miss the premium much and if I collect I have covered my ass. Should also be able to sleep better this summer.

Re: Price protection for the fall

Posted: Sat May 06, 2017 10:08 am
by Faster horses
Amazing how little I know about this discussion. :?

(Except I'm glad to know BMR will be sleeping better this summer.) :D

Re: Price protection for the fall

Posted: Sat May 06, 2017 4:40 pm
by Brad S
Arrrg, limit down on Friday. Hope this weekend can reverse this trend. The last month was a great price increase so we're still playing with house money. Hope this isn't the start of the big unravel

Re: Price protection for the fall

Posted: Sat May 06, 2017 7:01 pm
by Traveler
Brad S wrote:Arrrg, limit down on Friday. Hope this weekend can reverse this trend. The last month was a great price increase so we're still playing with house money. Hope this isn't the start of the big unravel
Brad, did you make a statement at one point about following crude oil, some time ago?

Re: Price protection for the fall

Posted: Sat May 06, 2017 7:54 pm
by Brad S
I dont remember linking cattle and crude markets, but I can see a link (not perfect) sometimes. The smart guys ...you know, playing on someone else's dime, all link comodities. Whatever I thought I knew, humility is really all I'm sure about now.

Re: Price protection for the fall

Posted: Sun May 07, 2017 9:56 pm
by Silver
Big Muddy rancher wrote:I watched most of the winter and the best on offer was $1.64 on 850 wts at around $7/100lbs, Canadian dollars we're talking.
The day it was $!98 for $6.37/100lbs I bought but my credit card didn't process,I think I put in a wrong number. So the next day when the premium chart came out I bought at $2.00 for $6.64. That is a contract settling September 25. I don't have to sell the cattle then, I can get higher I basically bought protect on 140,000 lbs of steers. I could have bought higher protection coverage but at a cost. I figured if they sell higher I won't miss the premium much and if I collect I have covered my ass. Should also be able to sleep better this summer.


Bought in about the same as you, and for the same reasons. I felt a little foolish as the insurable price went up and the premiums went down, but then I reminded myself of my reasoning and soon went back to sleeping well again :cboy: