Ranchers.net Bull Session

Price protection for the fall

Things that come up in the daily operation of a ranch.
mrj
Rancher
Rancher
Posts: 4503
Joined: Mon Feb 21, 2005 9:19 am
Location: SD

Re: Price protection for the fall

Postby mrj » Thu May 04, 2017 8:30 pm

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

Traveler
Rancher
Rancher
Posts: 4260
Joined: Thu Apr 05, 2007 1:21 pm

Re: Price protection for the fall

Postby Traveler » Fri May 05, 2017 5:43 am

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

User avatar
PPRM
Rancher
Rancher
Posts: 1950
Joined: Thu Feb 10, 2005 6:44 pm
Location: NE Oregon

Re: Price protection for the fall

Postby PPRM » Sat May 06, 2017 5:46 am

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.
The difference between a rut and a grave is the depth

PPRM

User avatar
Big Muddy rancher
Rancher
Rancher
Posts: 21288
Joined: Thu Feb 10, 2005 6:29 pm
Location: Big Muddy valley
Contact:

Re: Price protection for the fall

Postby Big Muddy rancher » Sat May 06, 2017 6:41 am

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.
Avatar by Haymaker

I can't tame wild women.

But I can make tame women wild.

User avatar
Faster horses
Rancher
Rancher
Posts: 27778
Joined: Fri Feb 11, 2005 12:21 pm
Location: SE MT

Re: Price protection for the fall

Postby Faster horses » Sat May 06, 2017 10:08 am

Amazing how little I know about this discussion. :?

(Except I'm glad to know BMR will be sleeping better this summer.) :D
"All the Democrats know how to do is lie and “forget.”--Trey Gowdy

Brad S
Rancher
Rancher
Posts: 2875
Joined: Tue Feb 15, 2005 6:36 am
Location: west of Soapweed

Re: Price protection for the fall

Postby Brad S » Sat May 06, 2017 4:40 pm

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

Traveler
Rancher
Rancher
Posts: 4260
Joined: Thu Apr 05, 2007 1:21 pm

Re: Price protection for the fall

Postby Traveler » Sat May 06, 2017 7:01 pm

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?

Brad S
Rancher
Rancher
Posts: 2875
Joined: Tue Feb 15, 2005 6:36 am
Location: west of Soapweed

Re: Price protection for the fall

Postby Brad S » Sat May 06, 2017 7:54 pm

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.

User avatar
Silver
Rancher
Rancher
Posts: 5060
Joined: Wed Mar 23, 2005 9:51 pm
Location: BC

Re: Price protection for the fall

Postby Silver » Sun May 07, 2017 9:56 pm

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:


Return to “Ranch Talk”

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 26 guests