6/07/2016

The Party's Over?

If this breaks $1.30, look out below.


5 comments:

MBAGearhead said...

Ouch. Hope you're not too long at too high of price!

Solfest said...

No we got in in 2013 so we enjoyed the party. :)

MBAGearhead said...

Good to hear. Guess you can't believe everything you read. :P
"Solfest is a former rancher, banker, commodity trader, and back to rancher who is currently very long cattle."

Solfest said...

You can beleive it. We are currently very long cattle and have been since 2013.

Cows do this wonderful thing where they have babies every year and you sell them. The bad part is you have to feed them every day. :)

This years crop looks like it will be sold for less.

MBAGearhead said...

Ahh, got it. I misunderstood but you are certainly long cattle owning a herd! At least feed prices are down too since 2013 but seem to have bottomed out already. Crop report Fri. could confirm or deny that I guess...