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sell silver,buy cattle
With silver stagnated between 27-28 dollars I've decided to sell some and buy some cattle, ( no drought were I'm at and plenty of feed). My local guy will do $9250.00 cash and colorado gold quoted $10,020.00 and will write 2 checks.
Even with 2 checks I'll have to get them cashed or deposited. Should I take the lesser amount? Has anyone had your local guy match apmex etc.? Sorry, can't get my cattle guy to take silver. |
Local guys here will do cash if I call and ask in advance. I would NEVER take a check unless they make it to cash and I have someone else cash it for me and a small fee.
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Wait for a bigger slaughter first imho. The livestock producers are just now starting to sell.
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yeah, I'm not in a big rush, but then again i think it would be wise to do it before corn drops like it usually does.
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What's your goal? What's your time frame?
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Timeframe. I have no time frames except to buy a decent amount of meat in the next 2 months along with encouraging others to do so. I see a sell off through mid fall. Lack of meat will really show after first of the year. Figure the packers (5 companies that control the real prices) will keep things easy through the holidays. They don't want the proles to be talking amongst themselves too much. The small guy cannot afford to feed at all. Most of your small farmers and producers do not hedge. Grain farmers have insurance. Livestock producers pretty much do not. You cannot give away 9-10 lb feeder pigs right now. There is no grain surplus like in 88. The hayfields are dry across a large section of the states. 6-8 dollar grass hay in Central Ill? That is a 2' x 18" x 5' bale approximate. When I was a kid, 20 years ago, maybe 2-3 bucks a bale in a drought. Devaluation or scarcity? I am thinking scarcity. |
This is the grumbling from the local farmers.
A lot of the bigger farms who feed with corn, are going to have to sell more of their herd to make up for feed prices and have less to feed. For the smaller farmers who need to sell every single year, they are fearful of price. If you can afford to get some cattle over the next few months, I'd trade it for silver any day of the week. Especially in light of charts like this. http://nwdistrict.ifas.ufl.edu/phag/...tory-20126.png |
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