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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

                                                                                                  including at times positions contrary to the advice quoted herein.
                                                                                                  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
      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”.
                                                                             November  6th
                                                                              Located in one of the top cattle feeding counties in the state of Kansas
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                                                                                                                             3500 Head
                                                                                                                             3500 Head
                                                                             16 - Breeding Bulls 7 to 18 months              RH Standard Lad 0313
                                                                             16 - Spring Calving Bred Females                 Solid As A Rock Sire Group
                                                                             16 - Spring Calving Black Females  Reynolds Herefords
                                                                                     Bred to Hereford Bulls                 TMC Feeders LLC
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                                                                                         lSteam Flake Ration
                                                                             8 -    Fall Calving Pairs           1071 County Road 1231
                                                                                        lConsulting Nutritionist
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                                                                             6 -    Show Steer Prospects                     Scott City, KS. 67871
                                                                                lOwner Management  lOne-Load Pens
                                                                             Both Horned & Polled Offered         Huntsville, MO 65259
                                                                                                                             Jim Miller
                                                                                                                             Jim Miller, Manager  , Manager
                                                                               lExcellent Pen & Equipment Maintenance
                          573-641-5270                                         November 5, 2010 Sale offerings on   Home: 660-277-3679 • Matt: 660-676-3788
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                                                                                                                               Bob Thompson
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