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The Water Cooler
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Beef too high in the store?
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<blockquote data-quote="chadh2o" data-source="post: 3572311" data-attributes="member: 40131"><p>I watched this earlier today. Me thinks the corp/.gov has the finger on the scale. When every slope shop (drive thru food) has fake meat on the signage, pumping how much better it is, u know something is up.</p><p>A guy I follow from Colorado has been on this for a year or two. Beef bad, dairy cows need fart bags (California ), all because of, ya no, global warming, climate change, CO2 or whatever the elites can think of.</p><p>I have a friend who is running 1,000 head or so. He can't believe what is happening in the beef market. Futures are the control mechanism for anything, whether cattle, corn, metals or bitcoin. </p><p>Big banks can buy long or short at infinite capacity in the futures market. It has become a joke watching the cash price of commodities while the futures make big swings. Tail waging the dog (futures control cash price).</p><p>A particular market becomes interesting when backwardation happens (cash market is more than futures). Backwardation says "I want it now, not next month or year". If the producers would become a "cartel" and withhold their product, the dog starts to wag the tail. Problem is debt. Nearly all producers run hand to mouth. Like he said in the video "$70,000 pickups, $3.00 gas". If the producers didn't take on that note for $70k pickup, $200k tractor, they could middle finger the futures market. Unfortunately, until the current financial system blows, producers are at the whim of the bankers.</p></blockquote><p></p>
[QUOTE="chadh2o, post: 3572311, member: 40131"] I watched this earlier today. Me thinks the corp/.gov has the finger on the scale. When every slope shop (drive thru food) has fake meat on the signage, pumping how much better it is, u know something is up. A guy I follow from Colorado has been on this for a year or two. Beef bad, dairy cows need fart bags (California ), all because of, ya no, global warming, climate change, CO2 or whatever the elites can think of. I have a friend who is running 1,000 head or so. He can't believe what is happening in the beef market. Futures are the control mechanism for anything, whether cattle, corn, metals or bitcoin. Big banks can buy long or short at infinite capacity in the futures market. It has become a joke watching the cash price of commodities while the futures make big swings. Tail waging the dog (futures control cash price). A particular market becomes interesting when backwardation happens (cash market is more than futures). Backwardation says "I want it now, not next month or year". If the producers would become a "cartel" and withhold their product, the dog starts to wag the tail. Problem is debt. Nearly all producers run hand to mouth. Like he said in the video "$70,000 pickups, $3.00 gas". If the producers didn't take on that note for $70k pickup, $200k tractor, they could middle finger the futures market. Unfortunately, until the current financial system blows, producers are at the whim of the bankers. [/QUOTE]
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