ranchers.net market report for today

[hopalong]

Where is here????

 

[Larrry]

In the eighties around here farmers bought up most of the land available. Of course they lost most of it a few years later.

 

[TSR]

Where is here????

Tennessee

 

[hypocritexposer]

Oldtimer, I am not going to spend half the night typing a rebuttal, because no matter what I would say, you still are going to love Obama and bash Bush to your dying day. It just sorrows me to see how the Liberals (you included) are selling out on our great country. All that our soldiers have fought and died for, for the past two and a quarter centuries, is about to go by the wayside with the advent of more and more socialistic, communistic, bureaucratic, government rules and regulations. The best system is "That government is best that governs least." This is certainly not the way of Obama's administration. When only half the people actually produce something of value, and the other half of our country are merely leeches of society, something is drastically wrong. This is certainly not a sustainable system, and it is just a matter of time before the corral cleanings hit the propellor blades.

BULLSHITE!!!


You got no answer cause you know he's RIGHT!

Ya Soap, all you do is take pictures of the women doing the work...... :wink: :lol: :lol:

 

[Anonymous]

As far as "lack of oversight" on the banking/lending industry being the factor that got the country's economy in the position it's in.......this is not exactly the case. The Liberals think everyone should be entitled to own their own home, regardless of whether their credit record is any good. Democrats in Congress voting to allow anyone and everyone to buy a home, and then forcing the banking industry into making these uncollectable loans, is what caused the housing crisis. It wasn't "lack of oversight" as you indicate. In fact it was too much oversight, and unreasonable regulations that banks had to follow.

You are right- except it wasn't only Liberals/Dems or Republicans that gave free run to the banking/lending industry... It was both parties- and members of both parties...
Starting with Phil Gramm- and Bill Clinton removing most the oversight banking/lending laws that was put in by our fathers and grandfathers during/right after the Great Depression-- that was meant to/would have kept another gamble with investors money type depression from happening... And then did little or no oversight until he was told/surprised when told the countries economy was tumbling around him....

Followed by the Barney Franks wanting to give minorities/low incomes greater access- which GW embraced and in his wish to look like a Democrat to bring in more low income/minority votes dropped most the background/citizenship requirements for the lenders/brokers to question...
Which they loved- so they could make more loans and get in more commissions (which the government did no oversight on) and they could all become millionaires before they were 40...

The banking/lending industry ripoff should have proven to most sane people- that without "oversight" the big money/multinational corporate entities CAN NOT be trusted to do what is best for the country- they are out for themselves only- and damn the consequences.... Their roulette type gambling with investors funds not only was within hours of bringing down the country in Sept/Oct 2008 - but may still bring down the world economy....

I believe in corporations. They are indispensable instruments of our modern civilization; but I believe that they should be so supervised and so regulated that they shall act for the interest of the community as a whole.
~Theodore Roosevelt

 

[TSR]

As far as "lack of oversight" on the banking/lending industry being the factor that got the country's economy in the position it's in.......this is not exactly the case. The Liberals think everyone should be entitled to own their own home, regardless of whether their credit record is any good. Democrats in Congress voting to allow anyone and everyone to buy a home, and then forcing the banking industry into making these uncollectable loans, is what caused the housing crisis. It wasn't "lack of oversight" as you indicate. In fact it was too much oversight, and unreasonable regulations that banks had to follow.

You are right- except it wasn't only Liberals/Dems or Republicans that gave free run to the banking/lending industry... It was both parties- and members of both parties...
Starting with Phil Gramm- and Bill Clinton removing most the oversight banking/lending laws that was put in by our fathers and grandfathers during/right after the Great Depression-- that was meant to/would have kept another gamble with investors money type depression from happening... And then did little or no oversight until he was told/surprised when told the countries economy was tumbling around him....

Followed by the Barney Franks wanting to give minorities/low incomes greater access- which GW embraced and in his wish to look like a Democrat to bring in more low income/minority votes dropped most the background/citizenship requirements for the lenders/brokers to question...
Which they loved- so they could make more loans and get in more commissions (which the government did no oversight on) and they could all become millionaires before they were 40...

The banking/lending industry ripoff should have proven to most sane people- that without "oversight" the big money/multinational corporate entities CAN NOT be trusted to do what is best for the country- they are out for themselves only- and damn the consequences.... Their roulette type gambling with investors funds not only was within hours of bringing down the country in Sept/Oct 2008 - but may still bring down the world economy....

I believe in corporations. They are indispensable instruments of our modern civilization; but I believe that they should be so supervised and so regulated that they shall act for the interest of the community as a whole.
~Theodore Roosevelt

Right Otimer, I can't believe the Rep's are calling for LESS regulation after what has transpired, MAYBE more effective regulation but by no means less regulation, especially for the big conglomerates.

 

[Silver]

Perhaps they need to look north of the border to see how to regulate banking.

 

[Soapweed]

Quite a few years ago, a local bank got called on the carpet by the big boys because, horror of horrors, they were charging more interest for riskier loans than they were for loans that would probably get paid off. The owners could see the writing on the wall, said the heck with it, and sold out their banking interests.

 

[Anonymous]

Perhaps they need to look north of the border to see how to regulate banking.

I have to agree 100% Silver-- but Canadians didn't go passing the Gramm-Leach-Bliley Act-signed by Clinton which removed the major share of the Great Depression deprived banking laws- and was significantly to blame for the 2007 subprime mortgage crisis and 2008 global economic crisis. Nor Forclosure Phil's last minute midnight tacking on of the Commodity Futures Modernization Act of 2000 on a budget bill (again signed by Clinton), which kept derivatives transactions, including those involving credit default swaps, free of government regulation which ended in a world wide banking roulette wheel the brokers/traders made $Zillions off of while the rest of the world lost almost went broke ....

I was shocked when I saw how sound the Canadian dollar/banking interests- that had not dropped many of the banking regs were-- in comparison the the US casinotype banking folks that GW had to bail out to keep the countries economy from totally failing..

 

[hypocritexposer]

Perhaps they need to look north of the border to see how to regulate banking.

:lol: :lol: :lol: :lol:


and learn from experience?........they'd rather re-invent the wheel.


Us damn "socialists" have nothing to teach them, that they cannot learn on their own :wink: :lol:

but Canadians didn't go passing the Gramm-Leach-Bliley Act-signed by Clinton

or are Canadians too Conservative? It's all too confusing for me. :wink:


I'd offer my opinion, but I'd probably be falsely accused of sexual harassment, if I joined the discussion and my beliefs did not agree with those on the "left".


But hey, did I mention the USD was going to take a tumble a couple of years ago, and suggest you invest in commodities, like gold/silver?

Full of shite I was, for sure.

 

[Faster horses]

Perhaps they need to look north of the border to see how to regulate banking.

:lol: :lol: :lol: :lol:


and learn from experience?........they'd rather re-invent the wheel.


Us damn "socialists" have nothing to teach them, that they cannot learn on their own :wink: :lol:

but Canadians didn't go passing the Gramm-Leach-Bliley Act-signed by Clinton

or are Canadians too Conservative? It's all too confusing for me. :wink:


I'd offer my opinion, but I'd probably be falsely accused of sexual harassment, if I joined the discussion and my beliefs did not agree with those on the "left".


But hey, did I mention the USD was going to take a tumble a couple of years ago, and suggest you invest in commodities, like gold/silver?

Full of shite I was, for sure.

And you still are............. :lol2: :nod: :nod:

 

[hypocritexposer]

Full of shite I was, for sure.

And you still are............. :lol2: :nod: :nod:

 

[Texan]

This editorial writer is willing to admit to a huge mistake in 2008. I voted for Obama. He seems bright, articulate, hopeful and it was time for a change.

This admission really bothers me. I read The Cattle Report sometimes for some of their market information, but this really makes me question the credibility of the damn thing. I appreciate his integrity for admitting his mistake - something that some people still refuse to do. But, it really disturbs me to know that the editor at The Cattle Report was so ignorant as to believe all of that hopey/changey BS coming from somebody with no track record to back it up.

If he was really dumb enough to fall for that crap and vote for Obama, why should I think he's any better at market analysis?

 

[hopalong]

When you ask that question , just look at a couple of our resident know it alls that blame BUSH for all our woes :roll: :roll: :roll: :roll: except they won;t admit the screwed up

EH

 

[redrobin]

This editorial writer is willing to admit to a huge mistake in 2008. I voted for Obama. He seems bright, articulate, hopeful and it was time for a change.

This admission really bothers me. I read The Cattle Report sometimes for some of their market information, but this really makes me question the credibility of the damn thing. I appreciate his integrity for admitting his mistake - something that some people still refuse to do. But, it really disturbs me to know that the editor at The Cattle Report was so ignorant as to believe all of that hopey/changey BS coming from somebody with no track record to back it up.

If he was really dumb enough to fall for that crap and vote for Obama, why should I think he's any better at market analysis?

I thought the same thing. Perhaps someone knows him and would like to invite him to present his argument here. I don't see how rational men voted for the president we have now.

 

[Texan]

I thought the same thing. Perhaps someone knows him and would like to invite him to present his argument here. I don't see how rational men voted to the president we have now.

There's a link at the bottom of that webpage for people to send in comments. You might try sending him a link to this thread. I sent him an email one time and actually got a nice reply. Of course, I didn't know at the time that he was an Obama-supporting idiot or I never would have emailed him in the first place. :lol:

 

[redrobin]

I'll send him the link. I don't want to embarrass him but I like his market analysis and even recommended him to you if I remember right. I'd like to hear his reasoning then and now.

 

[redrobin]

can't send it. Texan you try.

 

[okfarmer]

These are only a few of the major areas in which government interfaces with our business. The various governmental agencies involved with the industry do not operate in a vacuum. They take direction from the Executive Branch or the President. Anyone who is unable to tell a difference in governmental policies and regulatory interpretation of the beef industry under President Obama vs. President Bush is not playing with a full deck.

So- to play Devils Advocate-- is this the reason we are seeing $2000 pairs, $900 calves, cull bulls that sold at $1 lb ($2000+) this summer and cull cows selling for record HIGH prices :???:
Record HIGH cattle prices we didn't even see with the border being closed....
Prices that most prognosticators are predicting will be even higher in 2012 and 2013....

This editorial writer is willing to admit to a huge mistake in 2008. I voted for Obama. He seems bright, articulate, hopeful and it was time for a change. It has been a change but the change has been a disaster for American business. President Obama simply doesn't understand the nature of business or markets. Whether it is regulating dust or asking his bureaucrats to assure that all cattle owners are selling cattle at the same price, he gets it wrong when it comes to business.

His policies will assure no young people enter the beef industry. His boneheaded ethanol policy assures those that are already in the business, cannot profit. The next election will be critical for the beef industry and a change is in order.

Sounds like another Packer Lackey- misrepresenting and trying to use scare tactics to keep people from supporting the USDA from enforcing the GIPSA rules (that Congress in the last Farm Bill told them to enforce) that keep these same Packers/multinational beef conglomerates from obtaining a monopoly over and control the entire cattle/beef chain- and using that control to manipulate prices and trying to further chickenize the beef industry...

I think the man forgot who instituted the "boneheaded ethanol policies" in the first place... And I sure haven't heard the folks on the grain/corn growing side complaining about the higher prices they have been getting......

It amazes me how someone that is suppose to be so enlightened and progressive can't see past his back yard. I know Soapweed already addressed the increased expenditures of operating the business (in any industry at the moment). And if you know anything about business, you know this is the most important of any of the numbers. Most industries are tanking right now because of this, and the lack of people with discretionary income.

If everything is so peachy, why is unemployment nation wide so high?

Why is the economy not growing?

I look at the reply above and it is inline with the thinking that has got us all in this mess. "As long as I get mine, who cares about anyone else?" If this is the movement, I don't want to be enlightened.

People are really hurting right now, I see it every day. They are having to make tough decisions about finances and living. People out of work left and right. Young couples with kids have lost their homes.

$7 dollar corn, $4 diesel, and $750/ton anhydrous.

But I'm real glad your selling $900 calves.

 

[redrobin]

I sent him an email. We'll see if he responds.