To me it's the same human emotion that drives the stock market for a lot of people - the belief that when prices are high they can only go higher and when they are low they can only go lower. So we always have guys selling at the bottom and buying at the top of price cycles.
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To much money chasing to few cattle.
Guys who sold those big dollar calves haven't had to pay big tax in a long time. All that carry over expense is gone.
Some of the brokers seem to have open orders going south.
How much has breeding stock gone up in the last 3 weeks? $800 ???
Panic buying for sure!Comment
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