Page 4 - MWC 2-24-2022s

MARKET REPORT The Midwest Cattleman · February 24, 2022 · P4

Live Cattle Feeder Cattle Daily
chestrated absurdity’. Let’s What would
go Brandon! fit into the ‘in-
We all know it’s insanity sane’ category
(most of us) and we all know would be the
it’s orchestrated. We know suggestion that
it. starting next
Which brings me to my year, all geld-
bay gelding. We call him ings can also
Red. be registered
I don't believe I've ever as stallions or
been around a more laid- maybe even
back, easy-going horse. I can as mares… I
In the last few months, whistle and he'll come run- mean… after
I've been in as many as 20 ning a quarter of a mile for all… do we re-
Missouri counties doing a a handful of feed. He’s great ally care about
presentation on Election to ride. He turns. He stops. the facts? What
Feeder Cattle: All you have to do is look at the corn market for a reason for the
Live Cattle: My thoughts center around this market stabilizing now. I’ve been
Integrity. Early on I found He has a nice easy lope and difference does
placing a bullish tilt to this market for some time now. I may need to temporarily
pull-back in feeders. If I owned a feedlot I’d be nervous to say the least. I do feel
because he gets along well
place this on “hold” for a while. The higher placements the last three months will it make? I’m
that placing a few slides to-
the feeder market has overdone it to the downside and it will be tough to break it
have a negative impact on prices yet, so like they say, “All good things come to those sure Red would
with all my grandchildren –
further. The early corn harvest has most feeder buyers in the field and I don’t think
wards the beginning helps
who wait”. I see production numbers staying over last years’ levels until at the be alright with
they’ve really had time to concentrate on buying feeders. Let’em get caught up a
no! - he’s not for sale.
to get folks’ attention. I call
least the end of the year. Beef shipments have been lagging last years’ levels now little and they’ll head to town.....checkbooks in hand....bulging with “corn” money.
these my ‘insanity slides’. There is just one problem that.
for about a month. Two weeks ago they were 8% lower than last year. This weeks
This market will rally....wait and see.
with Red. The horse thinks
Later, I went back and
report showed exports a whopping 56% lower than last year. This ain’t good. Low Out here in
added a word to each one. he's a stallion. Somewhere the heartland,
imports and high exports have held this market up all summer. We’re starting to
The word? ‘Orchestrated’. there's a veterinarian who we have always
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
My point? Not only do we must get in a hurry from been divided.
have an onslaught of vari- time to time. I'm not an We like to argue about ev- going to hunt!
Trading commodity futures involves substantial risk of loss
ous types of insanity going expert on the surgery, but erything. There are the And next January, when
and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
on today, but every bit of if it’s not done just right, I Ford truck folks, those who you get to Denver, I'm sure
Allendale Inc.
obtained from sources believed reliable, but is in no way guaran-
teed. The author may have positions in the markets mentioned
it is ‘orchestrated’. That think you can end up with prefer to drive Chevy trucks, you're going to be seeing
815-578-6161

including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com
Opinions, market data, and
means… it is self-inflicted, a gelding thinking he's still and then there are those bulls in the heifer class…
recommendations are subject to change at any time.
radical Dodge fans. Luckily, right? Probably not. There's
intact.
What Does this Report Mean to Me?
planned, or on purpose. And
In Red's case, he really we're still free to drive the insanity, and then there's in-
we all know it.
In the presentation, I have
Q #1 doesn't care about the sci- brand we choose, for now. sanity.
‘orchestrated First Amend- ence. He's a stallion and he There are the green tractor Someone may make the
What do you think the price of fats will be in April 2011
doesn't care about the facts. people, and then those like argument that’s it’s not fair
ment insanity’, ‘orchestrat-
Now there’s nothing ‘insane’ that one neighbor you have to make comparisons like
Answer: It’s hard to see the forest for the trees here, but peering through the foliage I see $105.00 fats on the horizon for April. Demand is
ed border (mass migration)
going to have to kick in though in order to get it.
insanity’, ‘orchestrated na- about his behavior. That too who won’t drive anything if this. I mean animals are not
tional security insanity’, is simple science and in- it's not red. humans and humans are
Q #2
‘orchestrated inflation in- stinct. The entire topic can Yes, we are divided. We’re not animals… Right? Right!
Due to the recent break in feeders, would you be holding your fall-weaned
easily be explained by a bio- divided in just about every But humans are human,
sanity’, and ‘orchestrated
chemistry student in about way you can mention but try and they ought to know bet-
calves for a while or letting them go?
health insanity’ slides. It
became clear at some point 3 minutes or less. That’s and tell any of these people ter! Let’s put a stop to all
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
that the whole ninety-min- all irrelevant to Red. He that your gelding... because the insanity!
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
ute presentation could ac- only knows what he knows. he thinks he's a stallion… KwC
He doesn’t know what he should be in the stallion
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
tually be nothing more than
doesn’t know. He identifies class in the next horse show.
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
‘insanity slides’... each one
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
with some type of new ‘or- as a stallion. Trust me that dog is not
for “higher feeders” is “Hope”.
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