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Economy- New Poll

Do You think the US Economy is Heading into or in a Recession--or a Depression?

  • No-the Economy is doing Fine

    Votes: 0 0.0%
  • Yes- a mild short Recession

    Votes: 0 0.0%
  • Yes- a prolonged Recession/Depression

    Votes: 0 0.0%
  • Economic Collapse

    Votes: 0 0.0%

  • Total voters
    0
A

Anonymous

Guest
This country needs new leadership- a new direction to inspire confidence...This country needs "CHANGE"......

Consumer Confidence Plunges, Record Monthly Drop

Friday, October 17, 2008 12:08 PM

NEW YORK -- Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.


The fall in consumer confidence came as a sharp deterioration in credit markets punished stocks and wiped out large chunks of savings held in retirement accounts. The sentiment drop erased a recovery in previous months that was inspired by a retreat in oil prices that had been at record highs.


"Confidence is collapsing so that's not good even as you have gas prices falling," said Doug Smith, chief economist for the Americas at Standard Chartered in New York. "People are seeing what's happening to their 401ks, stocks and home prices. It's just awful."

Consumers rated current economic conditions the worst on record.....


http://moneynews.newsmax.com/headlines/consumer_confidence/2008/10/17/141476.html


Consumers rated current economic conditions the worst on record

It looks like GW is quickly building to his Legacy :wink: :(

Remember " I TOLD YOU SO "!!!!! :wink: :lol: :lol: :p :(
 

hopalong

Well-known member
Oldtimer said:
This country needs new leadership- a new direction to inspire confidence...This country needs "CHANGE"......

Consumer Confidence Plunges, Record Monthly Drop

Friday, October 17, 2008 12:08 PM

NEW YORK -- Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.


The fall in consumer confidence came as a sharp deterioration in credit markets punished stocks and wiped out large chunks of savings held in retirement accounts. The sentiment drop erased a recovery in previous months that was inspired by a retreat in oil prices that had been at record highs.


"Confidence is collapsing so that's not good even as you have gas prices falling," said Doug Smith, chief economist for the Americas at Standard Chartered in New York. "People are seeing what's happening to their 401ks, stocks and home prices. It's just awful."

Consumers rated current economic conditions the worst on record.....


http://moneynews.newsmax.com/headlines/consumer_confidence/2008/10/17/141476.html


Consumers rated current economic conditions the worst on record

It looks like GW is quickly building to his Legacy :wink: :(

Remember " I TOLD YOU SO "!!!!! :wink: :lol: :lol: :p :(

Yep you tols us so!! and so i invested and am making money on the losers like youy who cry wolf!!
Thanks oldtimer. :D :D :D Oh nad I filled up fpr $3.21 for diesel, yep going to hell in a handbasket, but ponly for the losers that listen to obama followers. THanks again oldtimer :D
 
A

Anonymous

Guest
Poll findings could be trouble for McCainStory Highlights
61 percent of registered voters say economy extremely important to their vote


Economic jitters likely to benefit Barack Obama, says CNN polling director

76 percent think U.S. in recession; 40 percent expect depression within year


By Alexander Mooney
CNN


(CNN) -- Economic woes are impacting the presidential race more than at any time since the primaries ended, according to a poll released Tuesday -- a potentially troubling sign for John McCain.


Concern over the economy is the highest it has been since June, according to a new poll.

The poll found 61 percent of registered voters say the economy is extremely important to their vote, a jump of 3 points since June. The economy ranks more than 10 points higher than the next most important issue on voters' minds, terrorism.

The findings highlight an unfavorable political landscape for McCain, whose party has controlled the White House for the past eight years. Voters have also consistently ranked the Arizona senator lower than his Democratic rival on the question of which candidate is better equipped to steer the country through the economic crisis.

"Economic jitters are likely to benefit Barack Obama, because Obama has consistently outscored John McCain on economic issues," said CNN Polling Director Keating Holland. "Fifty-six percent say that Obama would do a better job than McCain on the economy, and 63 percent say he would do a better job than McCain on providing help to the middle class."

More potentially damaging news for McCain's White House hopes is that 76 percent of voters who responded to the CNN/Opinion Research Corp. poll say the United States is in a recession, and 40 percent say another depression is likely to hit within a year.

A CNN/Opinion Research Corp. poll released earlier Tuesday also showed two-thirds of voters said they're scared about the way things are going; three in four said the current conditions in the country are stressing them out.

"If Americans are angry about the state of the country, they're probably more angry at the Republicans than the Democrats, since the GOP has controlled the White House for the past eight years," Holland said.

http://www.cnn.com/2008/POLITICS/10/21/poll.campaign.issues/index.html
 
A

Anonymous

Guest
I don't know if anyone can explain the happenings in this current Bush economy- except it keeps heading toward implosion and Bankruptcy- Hooverstyle...

Stock Market DOWN
Cattle Futures DOWN
Wheat DOWN
Corn DOWN
Oil DOWN
JOBS DOWN

Thanks to the failed policies of Bushenomics- deregulation- borrow and spend- wide open free (but unfair) trade policies- 8 year holiday for the regulators...Remember I TOLD YOU SO- several years ago- and that it could lead to nothing else but what is happening... The dominoes are just starting to fall...

And McSame offers nothing else- with the same failed policy- and same now proven incompetent advisors.....
We need a change in direction- if we still have an economy/country by the time Bush leaves :(

Stock Market Lost $700 Billion value today...

Dow Falls 514, Stocks Sink to 5-year Lows


Wednesday, October 22, 2008 3:46 PM

Stocks tumbled to 5-year lows on Wednesday, including the Dow Jones industrial average which fell 514.

NEW YORK -- U.S. stocks tumbled to 5 year lows Wednesday as investors grappled with an increasingly dire outlook for the global economy following a raft of disappointing profits and outlooks from major U.S. companies.

Plummeting commodity prices sent energy and materials companies' shares sharply lower. Exxon Mobil was the top drag on the Dow, down almost 10 percent.


Boeing Co's shares fell 7.5 percent after the aircraft maker reported a steep drop in quarterly profit and warned it might need to provide financing to some of its customers in 2009.


AT&T'sshares fell 7.6 percent after the top U.S. phone carrier posted a quarterly profit below Wall Street's forecasts as it grappled with pressure on wireless margins.


A plunge in emerging market assets and widespread deleveraging were seen as further signs the credit crisis that has plagued the United States and Europe has begun to hit developing countries. Stock markets around the world have fallen sharply over the last two days.


"The themes remain the same: concerns about global recession, deflation and concerns about significantly reduced worldwide demand," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.


The Dow Jones industrial average fell 514.45 points, or 5.69 percent, to 8,519.21. The Standard & Poor's 500 Index slid 58.27 points, or 6.10 percent, to 896.78, its lowest closing level since April 2003.


The Nasdaq Composite Index dropped 80.93 points, or 4.77 percent, to 1,615.75, closing at it lowest level since June 2003.


Boeing shares fell 7.5 percent to $42.91, where AT&T, another Dow component, slid 7.6 percent to $23.78.


Merck & Co shares fell 6.5 percent to $28.01 after it said it would slash 12 percent of its workforce and tempered its long-range earnings outlook.


Wachovia Corp, which is being bought by Wells Fargo & Co, posted a third-quarter loss of $23.9 billion, a record quarterly loss for a banking company during the credit crisis.


Shares of Wachovia dropped 6.2 percent to $5.71, while Wells Fargo shares lost 4.1 percent to $31.30.


Shares of Exxon Mobil Corp shed 9.7 percent to $64.57. Rival ConocoPhillips, which slashed its 2008 exploration and production outlook, fell 9.1 percent to $49.06.


The S&P energy index slid 10.4 percent.


U.S. front-month crude shed $5.43 to settle at $66.75 a barrel.


SanDisk plunged 31.6 percent to $10.09 on Nasdaq after Samsung Electronics ditched its $5.9 billion unsolicited bid for the flash memory maker, citing SanDisk's deepening losses and uncertain outlook.


But Apple Inc bucked the trend, gaining 5.9 percent to $96.87, a day after the iPod maker reported a stronger-than-expected quarterly profit.


Argentina's government proposed to seize almost $30 billion of private pension funds, while Hungary hiked interest rates to defend its currency.


Interbank borrowing costs fell again, but recession worries held sway as investors fretted about the extent to which the credit crisis has damaged the global economy.


Trading volume was low on the New York Stock Exchange, with about 1.56 billion shares changing hands, below last year's estimated daily average of roughly 1.90 billion, while on Nasdaq, about 2.57 billion shares traded, above last year's daily average of 2.17 billion.


Declining stocks outnumbered advancing ones on the NYSE by more than 5 to 1 and, on the Nasdaq, by about 6 to 1.

Mass layoffs highest since 9/11
Government report says job cuts of 50 or more up significantly last month
.

By Emily Maltby, CNNMoney.com staff writer
Last Updated: October 22, 2008: 3:13 PM ET

NEW YORK (CNNMoney.com) -- The number of layoff announcements involving at least 50 workers rose in September to the highest level since the Sept. 11 terrorist attacks seven years ago, the government said Wednesday.

There were 2,269 mass layoff actions, up 497 from August, according to statistics released by the Labor Department. That was the most mass layoffs since the 2,407 in September 2001.

"At large firms, basically what I see is an across-the-board, shotgun approach," said Paul Sarvadi, chairman and CEO of human resources outsourcing firm Administaff in Houston. "If they anticipate revenues going down, then they see how much they need to cut to reach operating targets, and equate that cost to a number of people."

Overall, the number of initial claims for unemployment benefits related to mass layoffs rose by 61,726 to 235,681. That was the highest level since September 2005, after Hurricane Katrina devastated the Gulf Coast, resulting in 297,544 claims.
 

hopalong

Well-known member
Oldtimer said:
I don't know if anyone can explain the happenings in this current Bush economy- except it keeps heading toward implosion and Bankruptcy- Hooverstyle...

Stock Market DOWN
Cattle Futures DOWN
Wheat DOWN
Corn DOWN
Oil DOWN
JOBS DOWN

Thanks to the failed policies of Bushenomics- deregulation- borrow and spend- wide open free (but unfair) trade policies- 8 year holiday for the regulators...Remember I TOLD YOU SO- several years ago- and that it could lead to nothing else but what is happening... The dominoes are just starting to fall...

And McSame offers nothing else- with the same failed policy- and same now proven incompetent advisors.....
We need a change in direction- if we still have an economy/country by the time Bush leaves :(

Stock Market Lost $700 Billion value today...

Dow Falls 514, Stocks Sink to 5-year Lows


Wednesday, October 22, 2008 3:46 PM

Stocks tumbled to 5-year lows on Wednesday, including the Dow Jones industrial average which fell 514.

NEW YORK -- U.S. stocks tumbled to 5 year lows Wednesday as investors grappled with an increasingly dire outlook for the global economy following a raft of disappointing profits and outlooks from major U.S. companies.

Plummeting commodity prices sent energy and materials companies' shares sharply lower. Exxon Mobil was the top drag on the Dow, down almost 10 percent.


Boeing Co's shares fell 7.5 percent after the aircraft maker reported a steep drop in quarterly profit and warned it might need to provide financing to some of its customers in 2009.


AT&T'sshares fell 7.6 percent after the top U.S. phone carrier posted a quarterly profit below Wall Street's forecasts as it grappled with pressure on wireless margins.


A plunge in emerging market assets and widespread deleveraging were seen as further signs the credit crisis that has plagued the United States and Europe has begun to hit developing countries. Stock markets around the world have fallen sharply over the last two days.


"The themes remain the same: concerns about global recession, deflation and concerns about significantly reduced worldwide demand," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.


The Dow Jones industrial average fell 514.45 points, or 5.69 percent, to 8,519.21. The Standard & Poor's 500 Index slid 58.27 points, or 6.10 percent, to 896.78, its lowest closing level since April 2003.


The Nasdaq Composite Index dropped 80.93 points, or 4.77 percent, to 1,615.75, closing at it lowest level since June 2003.


Boeing shares fell 7.5 percent to $42.91, where AT&T, another Dow component, slid 7.6 percent to $23.78.


Merck & Co shares fell 6.5 percent to $28.01 after it said it would slash 12 percent of its workforce and tempered its long-range earnings outlook.


Wachovia Corp, which is being bought by Wells Fargo & Co, posted a third-quarter loss of $23.9 billion, a record quarterly loss for a banking company during the credit crisis.


Shares of Wachovia dropped 6.2 percent to $5.71, while Wells Fargo shares lost 4.1 percent to $31.30.


Shares of Exxon Mobil Corp shed 9.7 percent to $64.57. Rival ConocoPhillips, which slashed its 2008 exploration and production outlook, fell 9.1 percent to $49.06.


The S&P energy index slid 10.4 percent.


U.S. front-month crude shed $5.43 to settle at $66.75 a barrel.


SanDisk plunged 31.6 percent to $10.09 on Nasdaq after Samsung Electronics ditched its $5.9 billion unsolicited bid for the flash memory maker, citing SanDisk's deepening losses and uncertain outlook.


But Apple Inc bucked the trend, gaining 5.9 percent to $96.87, a day after the iPod maker reported a stronger-than-expected quarterly profit.


Argentina's government proposed to seize almost $30 billion of private pension funds, while Hungary hiked interest rates to defend its currency.


Interbank borrowing costs fell again, but recession worries held sway as investors fretted about the extent to which the credit crisis has damaged the global economy.


Trading volume was low on the New York Stock Exchange, with about 1.56 billion shares changing hands, below last year's estimated daily average of roughly 1.90 billion, while on Nasdaq, about 2.57 billion shares traded, above last year's daily average of 2.17 billion.


Declining stocks outnumbered advancing ones on the NYSE by more than 5 to 1 and, on the Nasdaq, by about 6 to 1.

Mass layoffs highest since 9/11
Government report says job cuts of 50 or more up significantly last month
.

By Emily Maltby, CNNMoney.com staff writer
Last Updated: October 22, 2008: 3:13 PM ET

NEW YORK (CNNMoney.com) -- The number of layoff announcements involving at least 50 workers rose in September to the highest level since the Sept. 11 terrorist attacks seven years ago, the government said Wednesday.

There were 2,269 mass layoff actions, up 497 from August, according to statistics released by the Labor Department. That was the most mass layoffs since the 2,407 in September 2001.

"At large firms, basically what I see is an across-the-board, shotgun approach," said Paul Sarvadi, chairman and CEO of human resources outsourcing firm Administaff in Houston. "If they anticipate revenues going down, then they see how much they need to cut to reach operating targets, and equate that cost to a number of people."

Overall, the number of initial claims for unemployment benefits related to mass layoffs rose by 61,726 to 235,681. That was the highest level since September 2005, after Hurricane Katrina devastated the Gulf Coast, resulting in 297,544 claims.

Yep you told us all (miss cleo) oldtimer if you were really that sure you should be a multi millionare by now :roll: :roll: :roll:
Guess your miss cleo crystal ball isn't working as good as you think.
Better get a new one!!!

gloooom and dooooooom and a dark cloud over oldtimers head :D
 
A

Anonymous

Guest
Spent the afternoon at the local sale- almost make you cry....Didn't matter if they weighed 550 or 650- preconditioned or not- good calves were selling in the $80 range for heifers and high $80 or low $90 range for steers- all around $450-$480 for heifers- $530 to $560 for steers....Top steers I saw sold were the apparent cull steers from a registered red angus ranch- Jan/Feb born calves at 640 weight that sold for $94 for $601, which were the only + $600 calves I saw sold at $601..... :( :(

Only 5-6 calf buyers on the seats- and none were willing to put up any money- all sitting on their hands...I talked with one buyer/feedlot owner about his lot sitting empty-and he said he may start buying about Thanksgiving when he sees what this Bushenomics does to us...Says he has no doubt there will be lots of cattle to choose from as few have sold... :(
I watched a small bunch of really nice 770 black 770 lb steers selling for $68.... :( :cry: :cry: :cry: :mad:

Several Bankers sitting on the seats- wanting to see if the excuses they are getting are true :???:

THANK YOU AGAIN GW !!!
 

woranch

Well-known member
Oldtimer said:
Spent the afternoon at the local sale- almost make you cry....Didn't matter if they weighed 550 or 650- preconditioned or not- good calves were selling in the $80 range for heifers and high $80 or low $90 range for steers- all around $450-$480 for heifers- $530 to $560 for steers....Top steers I saw sold were the apparent cull steers from a registered red angus ranch- Jan/Feb born calves at 640 weight that sold for $94 for $601, which were the only + $600 calves I saw sold at $601..... :( :(

Only 5-6 calf buyers on the seats- and none were willing to put up any money- all sitting on their hands...I talked with one buyer/feedlot owner about his lot sitting empty-and he said he may start buying about Thanksgiving when he sees what this Bushenomics does to us...Says he has no doubt there will be lots of cattle to choose from as few have sold... :(
I watched a small bunch of really nice 770 black 770 lb steers selling for $68.... :( :cry: :cry: :cry: :mad:

Several Bankers sitting on the seats- wanting to see if the excuses they are getting are true :???:

THANK YOU AGAIN GW !!!

Prices up a little here..


Wed Oct 22, 2008 MO Dept of Ag/USDA Market News

West Plains- Ozarks Regional Stockyard
Feeder Cattle Auction Report for 10/21/2008

Receipts: 3000 Last Week: 2248 Year Ago: 2779

Compared to last week, steers 350-450 lbs 7.00-10.00 higher, 450-700
lbs 2.00-5.00 higher, over 700 lbs steady. Heifers under 550 lbs steady
to 3.00 higher, over 550 lbs steady to 2.00 lower, with most pressure
on soft/fleshy calves. Supply moderate. Demand moderate to good,
continued improvement for higher quality, uniform sets of calves
preferably having respiratory shots and hopefully weaned. Buyers
becoming even more selective for quality and performance not only in
feedlots, but packing plants as well. Cattle futures closed to the plus
side Tuesday, with corn 7-9 cents lower, however the continued nervous
Dow dropped over half of Monday’s gain,. Supply consisted of 59 percent
steers and 41 percent heifers. Near 37 percent weighing over 600 lbs.

Feeder Steers: Medium and Large 1 350-400 lbs 117.50-129.00; 400-500
lbs 108.00-120.00, several fancy blks 400-430 lbs 125.00-130.00, some
fleshy over 450 lbs 105.00-107.00; 500-600 lbs 100.00-113.00, lot 577
lbs fancy 110.00, fleshy 93.00-98.00; 600-650 lbs 99.50-110.00, calves
 

Texan

Well-known member
That sounds pretty rough in Montana. They've put a lot of money back on the calves down here in the south over the last week.

I guess the prospects for winter grazing must be pretty good with all of the rain they've had in wheat country. The local sales have been up five to ten bucks on anything light enough to turn out.

They've run over 11,000 head in Oklahoma City this week with calves up $4-10. Here's El Reno's from yesterday:

http://www.ams.usda.gov/mnreports/ko_ls751.txt
 
A

Anonymous

Guest
Even Billings today - that is sometimes $5 higher because of being 300 miles closer to the midwest feedlots- was not good...

Both feeders and fats futures have taken a hit all week- even tho corn, barley, wheat, and fuel/oil went down :???:

I think one thing thats got some of the local feeders sitting on their hands is the rising price of feed/hay-- I heard today that they were hauling hay out of this area to other parts of the state and getting $130 Ton...Might be cheaper for them to not buy and sell hay :???:

And here I thought they wanted a lot a couple months ago when the were trying to get $40 a ton for straw .... I didn't even ask what thats selling for now....I thought my partner was nuts when he said we'd be able to sell the 200+ ton of 3 year old hay we have thats a long ways from where we winter for $50 a ton....

Feeder Steers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
9 389-395 391 123.00-125.50 124.66
67 424-449 441 113.00-120.00 116.87
113 452-499 476 105.00-114.25 112.05
11 455 455 118.75 118.75 Fancy
160 502-549 519 99.00-104.75 103.01
148 553-590 574 93.50-103.00 97.39
30 591 591 93.25 93.25 Full
48 604-634 618 92.50-94.75 93.90 Calves
5 610 610 89.00 89.00 Full
3 658 658 92.50 92.50 Calves
16 673 673 89.75 89.75 Full
18 700-703 701 87.00-89.00 88.11 Calves
12 791 791 88.50 88.50
15 1012 1012 82.75 82.75

Feeder Steers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
3 362 362 120.00 120.00
7 420 420 110.00 110.00
19 469 469 109.00 109.00
39 550-585 556 84.00-91.00 87.27

Feeder Steers Large 1
Head Wt Range Avg Wt Price Range Avg Price
7 693 693 86.50 86.50 Calves

Feeder Holstein Steers Large 3
Head Wt Range Avg Wt Price Range Avg Price
23 813 813 55.25 55.25

Feeder Heifers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
5 308 308 110.50 110.50
18 376-399 389 103.50-107.50 105.78
57 407-448 433 92.00-100.00 95.80
187 456-498 483 89.00-95.00 91.31
45 509-543 527 90.00-91.50 90.52
117 550-596 573 84.50-90.00 86.90
8 600-626 616 84.50-86.50 85.23 Calves
12 635-648 642 82.50 82.50 Fleshy
4 670 670 81.50 81.50 Fleshy

Feeder Heifers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
5 449 449 84.00 84.00
11 522 522 84.00 84.00
 

TexasBred

Well-known member
Oldtimer said:
Spent the afternoon at the local sale- almost make you cry....Didn't matter if they weighed 550 or 650- preconditioned or not- good calves were selling in the $80 range for heifers and high $80 or low $90 range for steers- all around $450-$480 for heifers- $530 to $560 for steers....Top steers I saw sold were the apparent cull steers from a registered red angus ranch- Jan/Feb born calves at 640 weight that sold for $94 for $601, which were the only + $600 calves I saw sold at $601..... :( :(

Only 5-6 calf buyers on the seats- and none were willing to put up any money- all sitting on their hands...I talked with one buyer/feedlot owner about his lot sitting empty-and he said he may start buying about Thanksgiving when he sees what this Bushenomics does to us...Says he has no doubt there will be lots of cattle to choose from as few have sold... :(
I watched a small bunch of really nice 770 black 770 lb steers selling for $68.... :( :cry: :cry: :cry: :mad:

Several Bankers sitting on the seats- wanting to see if the excuses they are getting are true :???:

THANK YOU AGAIN GW !!!

As Phil Graham said "Ameicans are a bunch of whiners". He was right. By the way, how many state and national government programs have you participated in with your land and cattle??

And those seller of those 6 weight calves had nothing in them but a little money for worming and vaccinations and all of mama's milk they could drink.
 

kolanuraven

Well-known member

As Phil Graham said "Ameicans are a bunch of whiners". He was right. By the way, how many state and national government programs have you participated in with your land and cattle??

And those seller of those 6 weight calves had nothing in them but a little money for worming and vaccinations and all of mama's milk they could drink.[/quote]


What s STUPID reply and outlook on other people financial problems.


You haven't a clue.
 

TexasBred

Well-known member
kolanuraven said:

As Phil Graham said "Ameicans are a bunch of whiners". He was right. By the way, how many state and national government programs have you participated in with your land and cattle??

And those seller of those 6 weight calves had nothing in them but a little money for worming and vaccinations and all of mama's milk they could drink.


What s STUPID reply and outlook on other people financial problems.


You haven't a clue.[/quote]

:lol: :lol: :lol: Kola...I see it everyday...often on here. I'm right whether you agree or not. Grow up someday :!: :!:
 

Bullhauler

Well-known member
TexasBred said:
Oldtimer said:
Spent the afternoon at the local sale- almost make you cry....Didn't matter if they weighed 550 or 650- preconditioned or not- good calves were selling in the $80 range for heifers and high $80 or low $90 range for steers- all around $450-$480 for heifers- $530 to $560 for steers....Top steers I saw sold were the apparent cull steers from a registered red angus ranch- Jan/Feb born calves at 640 weight that sold for $94 for $601, which were the only + $600 calves I saw sold at $601..... :( :(

Only 5-6 calf buyers on the seats- and none were willing to put up any money- all sitting on their hands...I talked with one buyer/feedlot owner about his lot sitting empty-and he said he may start buying about Thanksgiving when he sees what this Bushenomics does to us...Says he has no doubt there will be lots of cattle to choose from as few have sold... :(
I watched a small bunch of really nice 770 black 770 lb steers selling for $68.... :( :cry: :cry: :cry: :mad:

Several Bankers sitting on the seats- wanting to see if the excuses they are getting are true :???:

THANK YOU AGAIN GW !!!

As Phil Graham said "Ameicans are a bunch of whiners". He was right. By the way, how many state and national government programs have you participated in with your land and cattle??

And those seller of those 6 weight calves had nothing in them but a little money for worming and vaccinations and all of mama's milk they could drink.

It is easy to tell that you don't run cattle for a living.
 

TexasBred

Well-known member
Bullhauler said:
TexasBred said:
Oldtimer said:
Spent the afternoon at the local sale- almost make you cry....Didn't matter if they weighed 550 or 650- preconditioned or not- good calves were selling in the $80 range for heifers and high $80 or low $90 range for steers- all around $450-$480 for heifers- $530 to $560 for steers....Top steers I saw sold were the apparent cull steers from a registered red angus ranch- Jan/Feb born calves at 640 weight that sold for $94 for $601, which were the only + $600 calves I saw sold at $601..... :( :(

Only 5-6 calf buyers on the seats- and none were willing to put up any money- all sitting on their hands...I talked with one buyer/feedlot owner about his lot sitting empty-and he said he may start buying about Thanksgiving when he sees what this Bushenomics does to us...Says he has no doubt there will be lots of cattle to choose from as few have sold... :(
I watched a small bunch of really nice 770 black 770 lb steers selling for $68.... :( :cry: :cry: :cry: :mad:

Several Bankers sitting on the seats- wanting to see if the excuses they are getting are true :???:

THANK YOU AGAIN GW !!!

As Phil Graham said "Ameicans are a bunch of whiners". He was right. By the way, how many state and national government programs have you participated in with your land and cattle??

And those seller of those 6 weight calves had nothing in them but a little money for worming and vaccinations and all of mama's milk they could drink.

It is easy to tell that you don't run cattle for a living.

Nope just a hobby...now prove me wrong...show me the expenses of getting those calves to 6 weights...mine way that when they are weaned off their mother.
 
A

Anonymous

Guest
Yep-Bullhauler-- maybe we need to move to Texas where they have free grass and land , hay, fuel , equipment, and mama cows...Us folks that have to pay those costs are getting screwed.....Texasbred are you working at the Prison farm to get those good deals :???: :wink: :lol: :lol: :p

Markets aren't looking much better- Feeder cattle and a lot of commodity trading was stopped when everything went limit DOWN...Fats not much better...Corn DOWN to $3.80-- Wheat DOWN.....

Stock market Down- dropped 500 points at one time- bouncing back a little...
 

Bullhauler

Well-known member
Oldtimer said:
Yep-Bullhauler-- maybe we need to move to Texas where they have free grass and land , hay, fuel , equipment, and mama cows...Us folks that have to pay those costs are getting screwed.....Texasbred are you working at the Prison farm to get those good deals :???: :wink: :lol: :lol: :p

Markets aren't looking much better- Feeder cattle and a lot of commodity trading was stopped when everything went limit DOWN...Fats not much better...Corn DOWN to $3.80-- Wheat DOWN.....

Stock market Down- dropped 500 points at one time- bouncing back a little...

I guess I need to move to Texas. If running cattle were as cost free as Texasbred claims I would be in the over $250,000 income level in no time. Dang then I would have to vote for McCain though. :D :D
 

backhoeboogie

Well-known member
Bullhauler said:
I guess I need to move to Texas.

Come on down. Sell your cold climate cattle before you leave. Buy cows with ear. If you can really get them cheap up there as everyone says, buy them there and haul them here. Let a market bull cover them and trim the ear. You'll wean 600 lbs.
 
A

Anonymous

Guest
I thought it ironic that they had a big picture of Sister Sarah and an ad for her book (which she didn't write) right next to this article....How fitting :wink: :lol: :p

And Just so you don't forget- remember as to what I started saying 3-4 years ago was going to happen to the economy under Bush/Repub "borrow and spend" and Corporate Fascism policies- and also the Backlash I predicted that would hit the elections in 2006 and tomorrow...

"I TOLD YOU SO" :D

Sad thing is- we've been in a recession for months- but again noone in the administration will admit it--we're on our way into a deep depression.. :(

Manufacturing Sector Plunges to 26-Year Low

Monday, November 3, 2008 10:10 AM

NEW YORK -- U.S. factory activity contracted sharply in October, falling to its lowest in 26 years as the financial crisis ravaged the world's largest economy, an industry report showed Monday.


"Pretty grim. It means we're in a recession, it's as simple as that ... a pretty solid manufacturing recession," said Robert Macintosh, chief economist at Eaton Vance Corp in Boston, adding:


"... The question is how long or deep is it going to be? Where is this group of economists that is charged with declaring a recession? Why haven't they said anything?"


The Institute for Supply Management said its index of national factory activity fell to 38.9 in October from 43.5 in September. The level of 50 separates contraction from expansion, and a reading below 40 is exceptionally weak.


On Wall Street, stocks briefly turned lower after the weaker-than-expected data, while the dollar trimmed its gains versus the yen.


Economists had expected a reading of 41.5, according to the median of forecasts in a Reuters poll.


The report was uniformly weak, and employment in the sector was dismal. The ISM's gauge of employment fell to its lowest since March 1991 and suffered its biggest one-month drop in 20 years.


The data foreshadowed a grim outlook, with the index of new orders hitting its lowest since 1980.

http://money.newsmax.com/economy/manufacturing/2008/11/03/147025.html?s=al&promo_code=6F83-1
 

backhoeboogie

Well-known member
Oldtimer said:
And Just so you don't forget- remember as to what I started saying 3-4 years ago was going to happen

It is going to rain some day OT. When it does, I'm going to say I told you so.

You been whining about these things and these polls hit over and over.

The economy is still expanding in Texas.

The Obama scare has a stifle affect on most investors at the moment.

Gun and ammunition sales have gone through the roof.

Spray paint sales might be good today.
 

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