Originally Posted by Buehler445:
Holy fuck. Someone told me that Love Cattle traded limit down, limit up, and closed limit down on the day. I don’t know what the limit is but my God, the margin calls that fools paid today. Christ.
4.5. It has been insane.
Cash bid reports from pre lunch and post lunch were wildly different.
Packers were making bank and basically decided to try putting the squeeze on in the middle of this panic. A group of feeders in the south got insulted by the bids and basically shut their gates and told them to increase the bids 15-20 cents or fuck off. Some of those feeders are running naked on those pens. It would take some serious balls to do what they're trying to do without being hedged. Time is not on their side, but it has inspired some of the northern feeders to dig in their heels too. [Reply]
Originally Posted by ghak99:
4.5. It has been insane.
Cash bid reports from pre lunch and post lunch were wildly different.
Packers were making bank and basically decided to try putting the squeeze on in the middle of this panic. A group of feeders in the south got insulted by the bids and basically shut their gates and told them to increase the bids 15-20 cents or fuck off. Some of those feeders are running naked on those pens. It would take some serious balls to do what they're trying to do without being hedged. Time is not on their side, but it has inspired some of the northern feeders to dig in their heels too.
Holy hell. That’s a swinging dick right there. [Reply]
Originally Posted by Buehler445:
Holy hell. That’s a swinging dick right there.
I really think the frustrations of the last decade are about to come to a boil.
As soon as the southern feeders info got out the "plants are going to have trouble keeping workers on line" rumors flew. When every single little thing is used to extract equity from the industry, eventually shit has to hit the fan. [Reply]
Originally Posted by Buehler445:
What the fuck? 100,000? Christ.
We could be selling 2-3x's what we are right now in several divisions. We are restrained by human capacity that cannot be replaced with machines yet. [Reply]
Originally Posted by scho63:
We could be selling 2-3x's what we are right now in several divisions. We are restrained by human capacity that cannot be replaced with machines yet.
Fair enough.
I buy most of my shit through amazon so I guess I don’t really realize that store closings affect them that much. Because fat boy doesn’t go to the store. How much do they add for the Christmas rush? [Reply]
cause the 3k it was down yesterday didn't suck ass.
And man am I getting my ass kicked in 2020 - not just the stock market, but my wife was unemployed for the past four months. Yikes. But thank God she went back to work before all this shit broke out. [Reply]
A guy I know recently started a shipping/delivery company and I just realized it's Amazon based. Seems like he may have got the ball rolling just in time. [Reply]
Originally Posted by scho63:
We could be selling 2-3x's what we are right now in several divisions. We are restrained by human capacity that cannot be replaced with machines yet.
Just received my 3lb bag of pumpkin seeds. Thanks scho63 :-) [Reply]
